Blog

July Unemployment | Steady Decline to 6.0%

By Scott Van Heurck - 18 Aug, 2018

In seasonally adjusted terms, the largest increase in employment was in Victoria (up 29,400 persons), followed by South Australia (up 1,700 persons). The largest decrease was in New South Wales (down 27,100 persons). Seasonally adjusted unemployment rate increased in New South Wales (up 0.2 percentage points to 4.9 per cent), Queensland (up 0.2 percentage points to 6.1 per cent), South Australia (up 0.2 percentage points to 5.7 per cent), and Tasmania (up 0.5 percentage points to 6.4 per cent). The largest decrease was in Victoria (down 0.6 percentage points to 5.0 per cent) followed by Western Australia (down 0.1 percentage points to 6.0 per cent). The largest increase in the seasonally adjusted participation rate was in Tasmania (up 0.3 percentage points to 61.6 per cent). The seasonally adjusted participation rate decreased in New South Wales (down 0.4 percentage points to 64.7 per cent) and Western Australia (down 0.3 percentage points to 68.2 per cent). Seasonally adjusted estimates are not published for the two territories.

image

JULY KEY POINTSTREND ESTIMATES (MONTHLY CHANGE)

  • Employment increased 26,900 to 12,581,600.
  • Unemployment decreased 1,300 to 713,000.
  • Unemployment rate remained steady at 5.4%.
  • Participation rate remained steady at 65.5%.
  • Monthly hours worked in all jobs increased 3.1 million hours (0.2%) to 1,748.0 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

  • Employment decreased 3,900 to 12,575,200. Full-time employment increased 19,300 to 8,587,500 and part-time employment decreased 23,200 to 3,987,700.
  • Unemployment decreased 5,700 to 706,000. The number of unemployed persons looking for full-time work increased 2,300 to 504,100 and the number of unemployed persons only looking for part-time work decreased 8,000 to 201,900.
  • Unemployment rate decreased by less than 0.1 pts to 5.3%.
  • Participation rate decreased by 0.1 pts to 65.5%.
  • Monthly hours worked in all jobs increased 4.0 million hours (0.2%) to 1,749.6 million hours.
image
image

Figures and graph released by abs.gov.au today

Get back to Blog listing

Polly

  • March 2024
image

Very professional service, Ryan is very helpful! Got me a job offer in 2 days! :D

Waqas

  • March 2024
image

I recently registered with Wood Recruitment and had an interview with Lisa Nadan. She was friendly, provided constructive feedback, and showed a genuine interest in understanding my career goals during the short time we had. Lisa's professional and well-informed HR approach made the interview experience positive and distinctive.

Greg

  • march 2024
image

Scott was great right from first contact through to keeping me informed of where the process is at and was always available for any information I needed.

Maria

  • March 2024
image

I recently had the pleasure of meeting with Lisa from Wood Recruitment, and I couldn't be happier with the experience. From the moment I registered with the agency I felt supported and valued. Lisa went above and beyond to understand my career goals to exceed in looking for me and match me with opportunities that aligned with my expectations. I highly recommend Wood Recruitment to anyone looking for personalized, top-notch recruitment services.

Michaela

  • March 2024
image

I was recommended to Ryan by a friend and I'm so glad I was. I am looking to change my career path and I told him the direction I wanted to go in. He has some great suggestions and possibilities. Here's hoping I'll be starting my new career soon. Thanks so much Ryan.

Sam

  • February 2024
image

Professional in delivering the skills screening and interview sessions. Reliable and helpful.

Natalie

  • February 2024
image

Great agency to deal with very thorough! I called at the beginning of the week & had a job by the end of the week!

Oksana

  • February 2024
image

Recently, I had the opportunity to interact with the Wood Recruitment team, and I would like to commend their attention to me as a professional, as well as their promptness throughout the process. I received all necessary responses from them quite swiftly, which significantly facilitated communication. I also appreciate their approach to personal interaction, as they strive to gather as many details about the professional as possible and then provide the best career opportunities. I am left with excellent impressions following my contact with Wood Recruitment.

image
100% Guaranteed
image

Employees & Service

Decades of experience helping fill the HR needs of top companies

image

Functional Program

We'll help you prioritise what's important to you in your next career

There was a problem with your submission. Errors have been highlighted below..
image

Need Assistance finding the right people for your business?