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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.

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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.

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Figures and graph released by abs.gov.au today

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Wood Recruitment has been the best agency I have dealt with over my working career. From the get go Peta was friendly, attentive to what I was looking for (temp/contract work) and confident in what she had to offer. It may have just been great timing for all parties but my process was extremely fast. I had an initial phone call with Peta after my profile was found on SEEK, then we had a video chat a few hours later and I was offered a temporary assignment that same day...to start the following morning. I am truly grateful for the assistance Peta and Wood Recruitment have given me and look forward to future opportunities with them :-)

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After locating my profile on SEEK, Peta at Wood Recruitment managed to secure me a position after a 3 day turnaround i.e emails, phone calls and in-house meet & greet. She was friendly, attentive & understood my need for temp/contract work. The process was fast and hassle free. I am truly grateful and appreciative for the assistance Peta and Wood Recruitment have given me and for the Company that I am about to start work with.

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