Australia Unemployment August 2017


Australia: Unemployment rate stable in August

September 14, 2017

Seasonally-adjusted employment increased by 54,200 jobs in August compared to the previous month, up from the 29,300 new jobs created in July. August’s figure overshot analysts’ expectations of 15,000 new jobs. The rise in employment reflects an increase of 14,100 part-time positions in August (July: 49,100), while the number of full-time positions rose by 40,100 in the same month, contrasting the 19,900 full-time positions that were lost in July.

The labor market participation rate edged up to an over five-year high of 65.2% in August (July: 65.1%), which led the unemployment rate to remain stable at July’s 5.6%.

FocusEconomics panelists expect the unemployment rate to average 5.6% in 2017, which is unchanged from last month’s forecast. In 2018, the panel expects the unemployment rate to be 5.5%, which is also unchanged from last month’s forecast.

Author:, Economist

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Australia Unemployment Chart

Australia Unemployment August 2017

Note: Seasonally-adjusted unemployment rate in % and new jobs in thousands.
Source: Australian Bureau of Statistics.

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