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MNI BRIEF: Aussie Unemployment At 4.2%, Job Creation Strong

MNI (MELBOURNE) - Australia’s unemployment rate rose to 4.2% in July, up 20 basis points over June and 10bp higher than anticipated, while over 58,000 jobs were created, almost 40,000 more than market expectations. 

Over 60,000 fulltime jobs were created last month, while part-time employment decreased by 2,300. The participation rate also grew to 67.1% from 66.9%. 

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MNI (MELBOURNE) - Australia’s unemployment rate rose to 4.2% in July, up 20 basis points over June and 10bp higher than anticipated, while over 58,000 jobs were created, almost 40,000 more than market expectations. 

Over 60,000 fulltime jobs were created last month, while part-time employment decreased by 2,300. The participation rate also grew to 67.1% from 66.9%. 

Keep reading...Show less