ABS: Jobs market rebounded in July

Just in from the ABS:

SEASONALLY ADJUSTED ESTIMATES

• Employment increased 114,700 to 12,460,800 people. Full-time employment increased 43,500 to 8,547,100 people and part-time employment increased 71,200 to 3,913,600 people.
• Unemployment increased 15,700 to 1,009,400 people.
• Unemployment rate increased less that 0.1 pts to 7.5%.
• Underemployment rate decreased 0.5 pts to 11.2%.
• Underutilisation rate decreased 0.4 pts to 18.7%.
• Participation rate increased by 0.6 pts to 64.7%.
• Monthly hours worked in all jobs increased 21.7 million hours to 1,681.3 million hours.

I’ll be back later with the usual detailed report.