The ABS has just released its labour force survey for June, which revealed that the unemployment rate rose by 0.1% to to 6.0% in seasonally adjusted terms, despite a 7,300 increase in the total number of jobs:
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)
◾Employment increased 7,300 to 11,768,600. Full-time employment increased 24,500 to 8,156,200 and part-time employment decreased 17,200 to 3,612,400.
◾Unemployment increased 12,800 to 756,100. The number of unemployed persons looking for full-time work increased 27,200 to 541,200 and the number of unemployed persons only looking for part-time work decreased 14,500 to 214,900.
◾Unemployment rate increased 0.1 pts to 6.0% from a revised May 2015 estimate.
◾Participation rate increased less than 0.1 pts to 64.8%.
◾Aggregate monthly hours worked increased 5.1 million hours (0.3%) to 1,636.9 million hours.
I’ll report back soon with my usual detailed report.
