Unemployment remains steady despite tightening belts

By: Troy Bilsborough


Unemployment has remained steady at 4.2 percent despite consumer confidence plummeting to decade lows, according to the latest round of

Unemployment has remained steady at 4.2 percent despite consumer confidence plummeting to decade lows, according to the latest round of labour force statistics.

According to the Australian Bureau of Statistics June release the number of jobs nationally increased by 29,800 to 10,715,700.

Full-time employment increased by 24,000 to 7,664,600, while part-time employment increased by 5,800 to 3,051,100.

Unemployment decreased slightly by 2,800 to 473,800. The majority of the figure related to part-time work.

The nation’s labour force participation rate hardly differed, increasing by 0.1 percentage point to 65.3%.

The next round are set for release on August 7.

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