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Contractor ManagementMiscellaneous

Unemployment remains steady

By 8 August 2013No Comments
Australia’s unemployment rate remains at 5.7 per cent in July, according to seasonally adjusted figures released by the Australian Bureau of Statistics (ABS) today.The news will have been received with relief by the Federal Government in the midst of its election campaign, as the economy slows down from the mining boom.
The ABS reported the number of people employed decreased by 10,200 to 11,653,200 in July.
The decrease in employment was due to decreased full-time employment, down 6700 people to 8,133,900, and part-time employment, down 3500 to 3,519,300.
Full-time and part-time employment decreased for both females and males.
The number of people unemployed decreased by 5700 people to 705,400 in July, the ABS reported.
Seasonally adjusted
The ABS monthly seasonally adjusted aggregate hours worked series showed an increase in July, up 7.9 million hours to 1648.6 million hours.
The ABS reported a seasonally adjusted labour force participation rate decrease of 0.2 percentage points to 65.1 per cent in July.
More details
More details are contained in the June 2013 issue of Labour Force, Australia (cat. no. 6202.0), as well as the June 2013 issue of Labour Force, Australia, Detailed (cat. no. 6291.0.55.001), which is due for release on 18 July.
Purnima Kabra