Australia Jobless Rate Down Slightly to 5.6% in July


Australia's seasonally adjusted unemployment rate fell to 5.6 percent in July of 2017 from an upwardly revised 5.7 percent in a month earlier and matching market estimates. The economy added 27,900 jobs while the number of unemployed increased by 1,100.

In July, the seasonally adjusted labour force participation rate increased to a 18-month high of 65.1 percent from 65.0 percent in the previous period, slightly above expections of 65.0 percent.

Employment increased by 27,900 to 12,201,400, beating estimates of a 20,000 increase: full-time employment decreased by 20,300 to 8,342,300 while part-time employment increased by 48,200 to 3,859,100.

Unemployment increased 1,100 to 730,600. The number of unemployed persons looking for full-time work fell by 3,800 to 496,400 and the number of unemployed persons only looking for part-time work rose 4,900 to 234,200.

Seasonally adjusted aggregate monthly hours worked in all jobs decreased 14.4 million hours (0.8 percent) to 1,690.4 million hours. Meantime, the seasonally adjusted employment to population ratio went up to 61.4 percent, the highest since April 2013.

ABS l Rida Husna | rida@tradingeconomics.com
8/17/2017 1:59:49 AM