Australian Employment and Hours Worked Rose in July

In BICSI Blog, BICSI Bytes, Featured, Newsby info@bicsi.com.au

According to the Australian Bureau of Statistics (ABS), seasonally adjusted employment increased by 114,700 people between June and July, and hours worked increased 1.3%.

Commenting on the statistics, ABS head of Labour Statistics, Bjorn Jarvis said: “The July figures indicate that employment had recovered by 343,000 people and hours worked had also recovered 5.5% since May. Employment remained over half a million people lower than seen in March, while hours worked remained 5.5% lower.”

The monthly increase in employment in July was underpinned by a larger increase in part-time employment (71,200 people) than full-time employment (43,500 people). Overall, the number of people employed in Australia increased 0.5 percentage points to 59.8%, up from a low of 58.2% in May.

Hours worked rose 1.3% in July, and increased more for females (2.3%) than males (0.6%). Hours worked for females were around 4.9% below March, compared to 5.9% for males. The participation rate increased 0.6 percentage points in July, and the unemployment rate increased slightly to 7.5%.

The number of unemployed people rose by nearly 16,000 between June and July. For the first time there were more than one million people out of work, available to work and actively looking for work. The underemployment rate decreased by 0.5 percentage points, to 11.2%, but remained 2.4 percentage points above March.

The underutilisation rate, which combines the unemployment and underemployment rates, fell 0.4 percentage points to 18.7%, but remained 4.7 percentage points higher than March.