ABS Update: Trend unemployment rate increases


According to the latest information released by the Australian Bureau of Statistics (ABS), Australia’s trend unemployment rate has increased in July 2019 to 5.3% from 5.2% in June, the same level as this time last year.

In July 2019, trend monthly employment increased by approximately 24,600 persons, with full-time employment increasing by 15,100 persons and part-time employment increasing by 9,600 persons. Over the past year, trend employment increased by 339,200 persons (2.7%) which was above the average annual growth over the past 20 years at 2.0%.

The trend monthly hours worked increased by less than 0.1% in July 2019 and by 1.8% over the past year, slightly above the 20 year average year-on-year growth of 1.7%

Trend monthly underemployment rate remained at 8.4% in July with no changes over the past year whereas trend underutilisation rate decreased by 0.1% over the year.

The trend unemployment rate remained steady in most states and territories, except for South Australia, up 0.2% and both Queensland and the Northern Territory up 0.1%. Over the year, unemployment rates fell in New South Wales, Victoria, Western Australia and the Australian Capital Territory, and increased in Queensland, South Australia, Tasmania and the Northern Territory.


About Author

Leave A Reply

Pin It on Pinterest