Australia’s Unemployment Rate Jumps To 7.5%

August 13, 2020
64 Views

According to the latest labour force data, more than one million Australians are now out of work, which shows the unemployment rate is now 7.5%.

Even though seasonally adjusted employment increased by 114,700 people between June and July, and hours worked increased 1.3%, the unemployment rate in July edged up from 7.4% in June.

The survey was completed before Victoria implemented the stage four lockdown in an effort to contain a second wave of coronavirus infections in the state, so the monthly result is likely more rosy than the current reality.

Full-time employment increased by 43,500 people in the month, and part-time employment by 71,200 people.

According to the Australian Bureau of Statistics, compared with 12 months ago, there are 282,800 fewer people employed full-time, and 131,700 fewer employed part-time.

As well as the increase in employment, participation in July increased 0.6% to 64.7% in July 2020. Female participation increased 0.7% to 59.9%, and male participation increased 0.5% to 69.6%.

The current unemployment rate of 7.5% is more than two points higher than the result a year ago.

The number of unemployed people increased by 15,700 in July. This pushed the number of jobless people north of one million.

You may be interested

JUST IN: Lagos State Govt. Suspends NURTW Operations Indefinitely Over Idumota Clashes
News
15 views
News
15 views

JUST IN: Lagos State Govt. Suspends NURTW Operations Indefinitely Over Idumota Clashes

Webby - January 25, 2022

Following a threat by the President of the National Union of Road Transport Workers (NURTW) that the union’s chapter in…

Unity Advocacy Group Praise Nigerian Armed Forces Over Sacrifices, Commitment
Politics
13 views
Politics
13 views

Unity Advocacy Group Praise Nigerian Armed Forces Over Sacrifices, Commitment

Webby - January 25, 2022

The Unity Advocacy Group has hailed the Armed Forces of Nigeria for its sacrifices and commitment to the unity of…

2023 Election: Islamic Group Attacks Afenifere Over Refusal To Support Tinubu
News
3 views
News
3 views

2023 Election: Islamic Group Attacks Afenifere Over Refusal To Support Tinubu

Webby - January 25, 2022

Muslim Rights Concern, an Islamic human rights organization, has taken on Afenifere, a Yoruba socio-cultural group, over the party’s reported…

Leave a Comment

Your email address will not be published.