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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