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Jobs data barely moves between June and July
Australia’s unemployment rate has remained at 5.6 per cent, despite a fall in full-time employment.
There were 12.2 million people employed and 0.7 million people unemployed in July, according to the Australian Bureau of Statistics.
Both figures were up 0.2 per cent on the previous month.
Although the number of people in full-time employment fell by 20,300, the number of people in part-time work rose by 48,200.
Looking over the past year, there have been slight improvements in the unemployment rate, the participation rate and the number of people in work.
| July 2017 | Monthly change | Annual change | |
|---|---|---|---|
| Unemployment rate | 5.6% | Unchanged | -0.1 points |
| Unemployed persons | 0.7 million | 0.2% | 0.7% |
| Employed persons | 12.2 million | 0.2% | 1.9% |
| Participation rate | 65.1% | 0.1 points | 0.2 points |
| Monthly hours worked | 1.7 billion | 0.3% | 2.5% |
State-by-state breakdown
Looking around the country, two states have recorded big improvements while another two have posted significant declines.
Between June and July, South Australia’s unemployment rate decreased from 6.6 per cent to 6.2 per cent, while Tasmania’s increased from 5.6 per cent to 6.3 per cent.
Over the past year, Western Australia slid from 6.3 per cent to 5.4 per cent, while the ACT jumped from 3.6 per cent to 4.8 per cent.
| Region | July 2017 | Previous month | Previous year |
|---|---|---|---|
| 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% |
Disclaimer
This article is over two years old, last updated on August 17, 2017. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent savings accounts articles.
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