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Monthly hours worked in all jobs rose 21.7 million hours, or 5% to 1,681.3 million hours.Australia's seasonally adjusted unemployment rate surged to 7.4% in June 2020 from 7.1% in May, in line with market expectations. The underemployment rate was down 1.4 points to 11.7%, and the underutilization rate declined 1 point to 19.1%. It was the highest jobless rate since September 2015, amid business closures and lockdowns due to the coronavirus pandemic. Employment fell by 227,700 to 12,154,100, compared with estimates of a 125,000 fall, as full-time employment dropped by 89,100 to 8,540,000, while part-time employment was down by 138,600 to 3,614,100.

Click on the button below to get started. Australia's seasonally adjusted unemployment rate surged to 7.4% in June 2020 from 7.1% in May, in line with market expectations. At its monetary policy meeting on 4 August, the Reserve Bank of Australia (RBA) decided to keep the cash rate unchanged at an all-time low of 0.25%. This statistics presents the unemployment rate in Australia from 2009 to 2019, with projections up until 2021. The number of unemployed soared by 85,700 to an over 26-year high of 927,600. If this effect is removed, the employment rate rose by 4.2 percentage points over the past decade.

People looking for full-time rose by 38,000 to 731,600 and those looking for only part-time work went up 31,300 to 260,700. People looking for full-time rose by 115,000 to 622,300, while those looking for only part-time work fell by 10,600 to 200,900. Australia's unemployment rate has dropped to 5 per cent, the lowest level recorded since April 2012.

Nonetheless, this target is not on track. The participation rate fell to 62.9%, the lowest since January 2001. Unemployment Rate

The number of unemployed soared 69,300 to an all-time high of 992,300. Seasonally-adjusted employment soared by 210,800 in June, following a revised 264,100 jobs lost in May (previously reported: -227,700), as more people looked for a job following the re-opening of the economy from lockdown. This was the highest jobless rate since November 1998, amid the severe impact of the COVID-19 crisis. Unemployment Rate It was the highest jobless rate since November 1998, as public health measures to contain the COVID-19 crisis took a huge toll on the economy, including the labor market. TEForecast

Employment rose 114,700 to 12,460,800, beating estimates of a 40,000 rise, as full-time employment gained 43,500 to 8,547,100, and part-time employment went up by 71,200 to 3,913,600. Unemployment Rate The National Skills Commission projects employment growth over the next five years by region, industry, and occupation. The number of unemployed surged by 104,500 to 823,300. Seasonally-adjusted employment soared by 210,800 in June, following a revised 264,100 jobs lost in May (previously reported: -227,700), as more people looked for a …

Australia's seasonally adjusted unemployment rate edged up to 7.5% in July 2020 from 7.4% in June and compared with market consensus of 7.8%. The number of unemployed increased by 15,700 to 1,009,400 people. Unemployment Rate Unemployment Rate

Employment tumbled by 594,300, the largest drop on record, to 12,418,700, compared with estimates of a 575,000 fall, as full-time employment dropped by 220,500 to 8,656,900, and part-time employment declined by 373,800 to 3,761,800.

Employment increased 210,800 to 12,328,500, beating estimates of a 112,000 rise, as part-time employment went up by 249,000 to 3,839,400, while full-time employment dropped by 38,100 to 8,489,100. The number of unemployed soared 69,300 to an all-time high of 992,300. The participation rate rose to a 3-month high of 64%, above forecasts of 63.6%. Australia Unemployment Rates (15+) by State and Territory, June 2020 (%) Supporting data. Unemployment rate increased 0.4 pts to 7.4%. Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Underemployment rate decreased 1.4 pts to 11.7%.

Australia - Unemployment Unemployment rate jumps to a near 22-year high in June.

People looking for only part-time work grew 18,400 to 278,800, while those looking for full-time work fell by 2,700 to 730,600. Unemployment occurs when people are without work, it is also known as joblessness. Underutilisation rate decreased 1.0 pts to 19.1%. It was the highest jobless rate since November 1998, as public health measures to contain the COVID-19 crisis took a huge toll on the economy, including the labor market. The participation rate rose to a four-month high of 64.7%, above forecasts of 63.4%. Australia's unemployment rate remains stuck at 5.2 per cent, despite the creation of 42,300 jobs in May, as a record number of people look for work. The business confidence index produced by National Australia Bank (NAB) rose to 1.5 points in June, from minus 20.3 points in May. The Westpac-Melbourne Institute consumer sentiment index fell to 87.9 in July from 93.7 in June. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. NOTES FORTHCOMING ISSUES. Monthly hours worked in all jobs fell by 12.1 million hours, or 12.1% to 1,604.7 million hours.Australia's seasonally adjusted unemployment rate jumped to 6.2% in April 2020 from 5.2% in March, but below market expectations of 8.3%.

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