Australia August Jobless Rate Matches Estimates


Australia's seasonally adjusted unemployment rate stood at 5.3 percent in August of 2018, the same as in the prior month and matching market consensus. The jobless rate remained at its the lowest level since November 2012, as the economy added 44,000 jobs while the number of unemployed increased by 5,800.

In August, the number of unemployed rose by 5,800 to 708,800, as people looking for only part-time work increased by 13,200 to 214,000, while those looking for full-time work decreased by 7,500 to 494,800.
 
Employment went up by 44,000 to 12,631,300, missing estimates of an increase of 15,000. Part-time employment increased by 10,200 to 4,000,600 while full-time employment went up by 33,700 to 8,603,700.
 
The labor force participation rate rose by 0.1 points from a month earlier to 65.7 percent while markets estimated 65.6 percent. Meantime, the employment to population ratio went up by 0.1 percentage points to 62.2 percent.
 
Seasonally adjusted monthly hours worked in all jobs increased by 0.6 million hours, or 0.03 percent, to 1,750.9 million hours.
 

Australia August Jobless Rate Matches Estimates


Australian Bureau of Statistics l Chusnul Ch Manan | chusnul@tradingeconomics.com
9/13/2018 11:49:27 AM