Australian Unemployment up to 6% as Employers Add Workers in June

Australian employers added jobs in June, led by full-time positions, indicating improved business confidence is translating into increased hiring.

The number of people employed rose by 7,300, much fewer than the revised 40,000 in May, government data showed Thursday. That compared with the median forecast of 28 economists for no change. The jobless rate edged up to 6 percent from a revised 5.9 percent.

The report adds to increasing impetus in housing construction that is soaking up workers who are surplus to requirements at mine sites where an investment boom is winding down. Still, a forecast record decline in business investment and falling commodity prices are damping the economic outlook.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.