Australia Unemployment Rate Up to 6% in June


Australian seasonally adjusted jobless rate increased by 0.1 percentage point to 6.0 percent in June of 2014, from a revised 5.9 percent in May. The number of unemployed persons increased by 20,300 to 741,700 in the month, while in trend terms the number of unemployed persons in June 2014 increased by 1,100 to 728,500.

June 2014 saw the adjusted participation rate increase by 0.1 percentage point to 64.7 percent. The trend participation rate was unchanged at 64.7 percent in the month.

The number of employed persons increased by 15,900 in June 2014 to 11,578,200 persons. In trend terms, employment increased by 10,600 persons to 11,582,400 persons in the month. The employment to population ratio, which expresses the number of employed persons as a percentage of the civilian population aged 15 years and over, remained steady at 60.8 percent seasonally adjusted. The trend employment to population ratio remained steady at 60.9 percent.
 
Seasonally adjusted full-time employment decreased by 3,800 persons to 8,062,500 persons while part-time employment increased by 19,700 persons in June 2014 to 3,515,700 persons. The increase in total employment resulted from: an increase in male part-time employment, up 15,000 persons; an increase in female full-time employment, up 6,700 persons; an increase in female part-time employment, up 4,800 persons and a decrease in male full-time employment, down 10,500 persons.

ABS l Rida l rida@tradingeconomics.com
7/10/2014 1:48:31 PM