9 Jul 2015
Australia prints solid June employment report
FXStreet (Bali) - Australian employment change for June came at 7.3k vs -5k expected and 42k last. Full time employment was 24.5k vs 14.7 last, while part-time stood at -17.2k vs 27.3k last. The jobless rate was flat at 6% vs 6.1% exp. Participation rate was 64.8% vs 64.7% prior.
Key points
TREND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,767,200. Unemployment decreased to 753,800. Unemployment rate remained steady at 6.0%. Participation rate remained steady at 64.8%. Aggregate monthly hours worked increased 2.0 million hours to 1,636.3 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment increased 7,300 to 11,768,600. Full-time employment increased 24,500 to 8,156,200 and part-time employment decreased 17,200 to 3,612,400. Unemployment increased 12,800 to 756,100. The number of unemployed persons looking for full-time work increased 27,200 to 541,200 and the number of unemployed persons only looking for part-time work decreased 14,500 to 214,900. Unemployment rate increased 0.1 pts to 6.0% from a revised May 2015 estimate. Participation rate increased less than 0.1 pts to 64.8%. Aggregate monthly hours worked increased 5.1 million hours (0.3%) to 1,636.9 million hours.
Key points
TREND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,767,200. Unemployment decreased to 753,800. Unemployment rate remained steady at 6.0%. Participation rate remained steady at 64.8%. Aggregate monthly hours worked increased 2.0 million hours to 1,636.3 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment increased 7,300 to 11,768,600. Full-time employment increased 24,500 to 8,156,200 and part-time employment decreased 17,200 to 3,612,400. Unemployment increased 12,800 to 756,100. The number of unemployed persons looking for full-time work increased 27,200 to 541,200 and the number of unemployed persons only looking for part-time work decreased 14,500 to 214,900. Unemployment rate increased 0.1 pts to 6.0% from a revised May 2015 estimate. Participation rate increased less than 0.1 pts to 64.8%. Aggregate monthly hours worked increased 5.1 million hours (0.3%) to 1,636.9 million hours.