Australia: Unemployment rate stable in June
Seasonally-adjusted employment rose by 32,600 in June, following 76,600 jobs added in May. June’s result was driven by an increase in full-time employment more than offsetting a decrease in part-time employment.
Meanwhile, the seasonally-adjusted unemployment rate was stable at May’s 3.5% in June. Meanwhile, the seasonally-adjusted underemployment was also stable at 6.4% in June, while the participation rate dipped to 66.8% from May’s 66.9%.