Blog

National Unemployment 10 Year Low

By Wood Recruitment - 15 Jul, 2021

The national unemployment rate has hit its lowest point in a decade which is a very positive indicator for the economy in general and as the country’s economic rebound from Covid-19 gathers pace. Figures released by the ABS (http//abs.gov.au) today shows the rate for June 2021 is at 4.9 per cent and is its lowest point since December 2010. According to the federal Treasurer, wages growth would be difficult to achieve until the unemployment rate was below 5.0 – here we now are!

Western Australia recorded an unemployment rate of 5.1 per cent which was up from the May figure of 4.7 per cent. Some of the key statistics released by the Australian Bureau of Statistics today include:

  • Underemployment actually increased
  • Participation rate remained fairly steady
  • Employed persons increased to 13,154,200
  • Monthly hours worked decreased by 33 million
  • Employment is 159k people higher than March 2020
  • Over the year June to June employment increased 6.3%
  • Victoria has the lowest unemployment at 4.4% (May 4.8%)
  • Queensland and New South Wales also recorded 5.1%
Get back to Blog listing

Lavisha Bhatia

  • 2 days ago

Scott & his team have a amazing pool of candidates & happily tailor packages according to your business needs.. Highly recommend using them for your recruitment needs !

Larissa Altera

  • 3 months ago

Peta's ability to absorb and assess information between both parties while maintaining a personalised approach has raised the bar in the recruitment industry. .

100% Guaranteed

Employees & Service

Decades of experience helping fill the HR needs of top companies

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..

Need Assistance finding the right people for your business?