Australia: Unemployment rate remains steady in July
August 9, 2012
In July, the labour market added 14,000 jobs over the previous month in seasonally adjusted terms, which contrasted the 28,300 lost in June (previously reported: -27,000 jobs) and exceeded market expectations of 10,000 new hires. The reading reflected increases both in full-time positions (+9,200), and in part-time jobs (+4,800). Meanwhile, the number of total job seekers dropped by 2,500 persons in July (June: +12,300). Despite the drop, the unemployment rate was unchanged at 5.2%, meeting market expectations.
Author: Armando Ciccarelli, Head of Data Solutions