Australia Jobless Rate Jumps to 12-Year High
Australia's unemployment rate increased by 0.3 percentage points to 6.4 percent in July of 2014, the highest level since June of 2002 as the number of people looking for work increased.
The rise in the jobless rate in July were mostly attributed to increase in participation rate as the number of persons in the labour force rose by 43,400 persons, while the number of employed persons decreased by 300. The net result was the number of unemployed persons increasing by 43,700 to 789,000 in the month.
8/7/2014 9:47:31 AM
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.
Published on 2014-07-10
Australia Unemployment Rate Steady at 5.8% in May
Australia's unemployment rate remained steady at 5.8 percent in May 2014 (seasonally adjusted), while in trend terms the unemployment rate was also unchanged at 5.9 percent in the month. The number of unemployed persons increased by 3,200 to 717,100 in May 2014 (seasonally adjusted), while in trend terms the number of unemployed persons in May
2014 fell by 2,200 to 719,700.
Published on 2014-06-12
July 2014 saw the seasonally adjusted participation rate increase by 0.1 percentage points to 64.8 percent and the trend participation rate in the month was unchanged at 64.7 percent.
The seasonally adjusted number of employed persons decreased by 300 in July 2014 to 11,576,600 persons. In trend terms, employment increased by 4,600 persons to 11,582,200 persons in July 2014. The employment to population ratio, which expresses the number of employed persons as a percentage of the civilian population aged 15 years and over, decreased 0.1 percentage points to 60.7 percent. The trend employment to population ratio remained steady at 60.8 percent following a revision to the June 2014 estimate.
Seasonally adjusted part-time employment decreased by 14,800 persons to 3,499,200 persons while full-time employment increased by 14,500 persons in July 2014 to 8,077,400 persons. The decrease in total employment resulted from: a decrease in male part-time employment, down 21,500 persons; a decrease in female full-time employment, down 5,100 persons; an increase in female part-time employment, up 6,700 persons and an increase in male full-time employment, up 19,600 persons.