Australia: Unemployment rate stable in June
July 20, 2017
Seasonally-adjusted employment increased by 14,000 jobs in June compared to the previous month, down from the 38,000 new jobs created in May. June’s figure slightly undershot analysts’ expectations of 15,000 new jobs. The rise in employment reflects a n increase of 62,100 in full-time positions in June (May: +53,400), while the number of part-time positions fell by 48,000 in the same month, down from the 15,400 part-time positions that were lost in May.
The labor market participation rate edged up to 65.0% in June (May: 64.9%), which led the unemployment rate to remain stable at 5.6%.
Author: Christopher Mc Innes, Economist