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Australian unemployment rate soars to 6.4%

FXStreet (Bali) - Australian employment change s.a. (Jul) came at 300 vs 12,000 exp and 15,900 last, with the unemployment rate s.a. at 6.4% vs 6% exp and 6% last. Fulltime employment at 14,500 vs -3,800 last, and part-time employment at -14,800 vs 19,700 last. The participation rate was 64.8 vs 64.7% last.

June key points - ASB

TREND ESTIMATES (MONTHLY CHANGE):

Employment increased to 11,582,200 from a revised June 2014 estimate.Unemployment increased to 756,700.

Unemployment rate increased 0.1 pts to 6.1%, based on unrounded estimates.

Participation rate remained steady at 64.7%.Aggregate monthly hours worked increased 2.8 million hours (0.2%) to 1,610.9 million hours.


SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE):

Employment decreased 300 to 11,576,600.

Full-time employment increased 14,500 to 8,077,400 and part-time employment decreased 14,800 to 3,499,200.

Unemployment increased 43,700 to 789,000.

The number of unemployed persons looking for full-time work increased 21,900 to 566,400 and the number of unemployed persons only looking for part-time work increased 21,800 to 222,600.

The unemployment rate increased 0.3 pts to 6.4%.

Participation rate increased 0.1 pts to 64.8%.

Aggregate monthly hours worked decreased 14.8 million hours (0.9%) to 1 ,610.7 million hours.


Australia Part-time employment declined to -14800 in July from previous 19700

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