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Macroeconomics  |  August 09, 2012 11:53:00

The unemployment rate in Australia fell for the first time since April


Job creation in July in Australia has increased and unemployment decreased. Number of employees, adjusted for seasonal factors rose by 14.0 thousand, of which full-time and 9,200 part-time for 4800. In comparison, employment in Australia increased by 66 thousand persons or 0.6%. In June, the number of jobs decreased by 28.3 thousand.

The seasonally adjusted number of unemployed persons decreased by 2.5 thousand to 635.1 thousand and the unemployment rate fell to a two-month review of minimum 5.2% from 5.3% in June.The highest unemployment was in the State of Tasmania (6.5%) and lowest in Western Australia (3.6%). In the same period a year ago, unemployment in Australia was around 5.1%. The participation rate fell by 0.1% to 65.2% and was 0.4% lower than a year ago.

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