Australia Jobless Rate Highest in a Year


Australia's seasonally adjusted unemployment rate edged up to 5.3 percent in August 2019 from 5.2 percent in the previous month and in line with market expectations. It was the highest jobless rate since August last year, as the number of unemployed increased by 4,100 and employment rose by 34,700.

The number of unemployed rose by 4,100 to 716,800 in August. People looking for only part-time work went up 27,000 to 223,300, while those looking for full-time work declined by 22,900 to 493,500. Male unemployment grew by 6,700 to 382,200, while female unemployment fell 2,700 to 334,500.

Employment increased by 34,700 to 12,926,900 people in August, easily beating market consensus of a 10,000 gain and compared to a downwardly revised 36,400 increase in July. Part-time employed persons rose by 50,200 to 4,108,900, while full-time employed persons dropped 15,500 to 8,818,000. 

The participation rate edged up 0.1 point to a new record high of 66.2 in August, above forecasts of 66.1 percent. Also, the employment to population ratio rose 0.1 point to 62.7.

The underemployment rate increased 0.2 points to 8.6 percent in August, while the underutilisation rate rose 0.2 points to 13.8 percent.

Seasonally adjusted monthly hours worked in all jobs increased by 3.9 million hours, or 0.2 percent, to 1,782.6 million hours.

Australia Jobless Rate Highest in a Year


ABS | Rida Husna | rida@tradingeconomics.com
9/19/2019 10:23:01 AM