FOREX TradingCharts.com

Financial News: Australia Jobless Rate Drops To 4.6% In July

Australia Jobless Rate Drops To 4.6% In July

08/18/2021 - 21:50:00 (RTTNews)

(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 4.6 percent in July, the Australian Bureau of Statistics said on Thursday - well beneath expectations for 5.0 percent and down from 4.9 percent in June.

The Australian economy added 2,200 jobs last month to 13,156,400 versus expectations for the loss of 46,200 jobs following the addition of 29,100 jobs a month earlier. Employment was 161,000 people (1.2 percent) higher than in Mach 2020.

Full-time employment decreased by 4,200 to 9,012,600 people, and part-time employment increased by 6,400 to 4,143,800 people. The part-time share of employment was 31.5 percent, 0.3 percent lower than in March 2020.

The participation rate came in at 66.0 percent - in line with expectations and down from 66.2 percent in the previous month. It decreased 0.2 percent for men to 70.7 percent and decreased 0.2 percent for women to 61.4 percent.

Monthly hours worked in all jobs decreased by 3.1 million hours (0.2 percent) to 1,778 million hours but increased 13.1 million hours (0.7 percent) from March 2020.

Employment to population ratio decreased to 62.9 percent, while the underemployment rate increased to 8.3 percent. Monthly hours worked decreased by 3 million hours.

Unemployed people decreased by 39,900 to 639,200 in July, while unemployed people were down 84,300 from March 2020.

The youth unemployment rate remained at 10.2 percent and was 1.4 percent lower than March 2020.

The underemployment rate increased by 0.4 percent to 8.3 percent. The underemployment rate was 0.5 percent lower than March 2020.

The underutilization rate increased by 0.1 percent to 12.9 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Singapore Inflation Slows Slightly In August (10 min(s), 03 sec(s) ago)
(RTTNews) - Singapore consumer price inflation moderated slightly in August reflecting lower priva ...Full Story»

European Economics Preview: BoE, SNB Policy Announcements Due (01 hr(s), 23 min(s), 03 sec(s) ago)
(RTTNews) - Monetary policy announcements from the Bank of England and the Swiss National Bank are ...Full Story»

Brazil Central Bank Lifts Key Rate By 100 Bps; Signals Another Hike Next Month (01 hr(s), 23 min(s), 03 sec(s) ago)
(RTTNews) - Brazil's central bank raised its key interest rates by 100 basis points on Wednesd ...Full Story»

Australia Manufacturing PMI Jumps To 57.3 In September - Markit (41 min(s), 57 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to expand in September, and at a faste ...Full Story»

Australia PMI Data On Tap For Thursday (31 min(s), 57 sec(s) ago)
(RTTNews) - Australia will on Thursday release September PMI data from Markit Economics, highlight ...Full Story»

Fed Says Tapering Asset Purchases May Be Warranted 'Soon' (57 sec(s) ago)
(RTTNews) - Citing progress towards it goals of maximum employment and price stability, the Federa ...Full Story»

Eurozone Consumer Confidence Improves In September (10 min(s), 57 sec(s) ago)
(RTTNews) - Euro area consumer confidence improved in September for the first time in three months ...Full Story»

U.S. Existing Home Sales Pull Back Slightly More Than Expected In August (20 min(s), 57 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Wednesday showing a pullback ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Singapore Inflation Slows Slightly In August

09/23/2021 - 01:18 AM (RTTNews)
(RTTNews) - Singapore consumer price inflation moderated slightly in August reflecting lower priva ...Full Story>>

Brazil Central Bank Lifts Key Rate By 100 Bps; Signals Another Hike Next Month

09/23/2021 - 00:05 AM (RTTNews)
(RTTNews) - Brazil's central bank raised its key interest rates by 100 basis points on Wednesd ...Full Story>>

European Economics Preview: BoE, SNB Policy Announcements Due

09/23/2021 - 00:05 AM (RTTNews)
(RTTNews) - Monetary policy announcements from the Bank of England and the Swiss National Bank are ...Full Story>>

Australia Manufacturing PMI Jumps To 57.3 In September - Markit

09/22/2021 - 19:10 PM (RTTNews)
(RTTNews) - The manufacturing sector in Australia continued to expand in September, and at a faste ...Full Story>>

Australia PMI Data On Tap For Thursday

09/22/2021 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Thursday release September PMI data from Markit Economics, highlight ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.