The Project

Episodes
Video Extras
Watch 10 LIVEArticles
More
Back

Unemployment Rate Rises To 3.7%

Unemployment Rate Rises To 3.7%

Australia’s unemployment rate has increased to 3.7 per cent for July, up from 3.5 per cent in June.

Data from the Australian Bureau of Statistics (ABS) shows the number of unemployed people has risen by 36,000.

The economy also shed 14,600 jobs in July.

The percentage of people aged 15 or older either in work or looking for it, known as the participation rate, decreased by 0.1 percentage points to 66.7 per cent.

The data exceeded expectations of the financial markets.

Experts predicted a smaller rise to 3.6 per cent, expecting a 0.1 per cent jump rather than a 0.2 per cent increase.

ABS Head of Labour Statistics, Bjorn Jarvis, emphasised employment is still nearly 400,000 people higher than last July.

“The fall in employment follows an average monthly increase of around 42,000 people during the first half of this year,” said Jarvis.

“Employment is still around 387,000 people higher than last July.”

The reduction in jobs came entirely from a decrease in full-time employment, with 24,200 full-time jobs cut in July.

Part-time employment rose by 9,600.

North Sydney Residents Hit With 87 Per Cent Rate Hike
NEXT STORY

North Sydney Residents Hit With 87 Per Cent Rate Hike

    Advertisement

    Related Articles

    North Sydney Residents Hit With 87 Per Cent Rate Hike

    North Sydney Residents Hit With 87 Per Cent Rate Hike

    North Sydney Council has voted to lift its rates by more than 87 per cent over two years at a fiery council meeting.
    Elon Musk Makes $97.4 Billion Bid To Buy OpenAI

    Elon Musk Makes $97.4 Billion Bid To Buy OpenAI

    Elon Musk and a group of investors have made a $97.4 billion bid to buy ChatGPT's parent company OpenAI, 'to ensure it is a force for good'.
    Snowball Festival Rescheduled Because Of Winter Weather

    Snowball Festival Rescheduled Because Of Winter Weather

    A snowball festival in Virginia, US, had to be rescheduled due to too much snow.
    Domino’s Reveals Pepperoni Pizza-Inspired Perfume For Valentine’s Day

    Domino’s Reveals Pepperoni Pizza-Inspired Perfume For Valentine’s Day

    What could make your Valentine’s date more attractive than smelling like a pepperoni pizza?
    IKEA Global Sleep Report Uncovers The Most Common Sleeping Habits Of Aussies

    IKEA Global Sleep Report Uncovers The Most Common Sleeping Habits Of Aussies

    The new IKEA Global Sleep Report has revealed that no matter where you are in the world, people on average are missing out on an hour and 20 minutes of sleep each night.