Savings Accounts

Jobs information barely strikes between June and July

Australia’s unemployment price has remained at 5.6 per cent, regardless of a fall in full-time employment.

There have been 12.2 million individuals employed and 0.7 million individuals unemployed in July, in keeping with the Australian Bureau of Statistics.

Each figures had been up 0.2 per cent on the earlier month.

Though the variety of individuals in full-time employment fell by 20,300, the variety of individuals in part-time work rose by 48,200.

Trying over the previous yr, there have been slight enhancements within the unemployment price, the participation price and the variety of individuals in work.

July 2017 Month-to-month change Annual change
Unemployment price 5.6% Unchanged -0.1 factors
Unemployed individuals 0.7 million 0.2% 0.7%
Employed individuals 12.2 million 0.2% 1.9%
Participation price 65.1% 0.1 factors 0.2 factors
Month-to-month hours labored 1.7 billion 0.3% 2.5%

State-by-state breakdown

Trying across the nation, two states have recorded large enhancements whereas one other two have posted important declines.

Between June and July, South Australia’s unemployment price decreased from 6.6 per cent to six.2 per cent, whereas Tasmania’s elevated from 5.6 per cent to six.3 per cent.

Over the previous yr, Western Australia slid from 6.3 per cent to five.4 per cent, whereas the ACT jumped from 3.6 per cent to 4.8 per cent.

Area July 2017 Earlier month Earlier yr
New South Wales 5.0% 4.8% 5.2%
Victoria 6.1% 5.9% 5.9%
Queensland 6.2% 6.5% 6.1%
South Australia 6.2% 6.6% 6.4%
Western Australia 5.4% 5.6% 6.3%
Tasmania 6.3% 5.6% 6.2%
Northern Territory 3.2% 3.1% 3.5%
ACT 4.8% 4.4% 3.6%
Australia 5.6% 5.6% 5.7%

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