Unemployment in Australia Rises to 5.7% in June

Australia’s unemployment rate rose to 5.7% in June.

That’s up on the May figure of 5.6%, which has been upwardly revised from 5.5%.

The total number of people with jobs rose 10,300 to 11.669 million in the month, according to seasonally adjusted figures released by the Australian Bureau of Statistics on Thursday.

The median forecast was for total employment to remain flat in June with the unemployment rate to be 5.6%, according to AAP’s survey of 14 market economists.

Full-time employment fell 4,400 to 8.145 million in June and part-time employment was up 14,800 to 3.524 million.

The June participation rate was 65.3%, up from 65.2% in May.

The participation rate is the proportion of the population that have a job, are looking for work or ready to start work.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza