Unemployment rate remains unchanged at 5.7% in July

Larry SchlesingerDecember 7, 2020

The unemployment rate remained unchanged at 5.7% in July, the latest ABS figures show.

Market expectations were for the unemployment rate to rise to 5.8% over July.

The number of people employed decreased by 10,200 to 11,653,200 in July.

This was offset by the number of people unemployed decreasing by 5,700 people to 705,400 in July as well as the seasonally adjusted labour force participation rate decreasing 0.2 percentage points to 65.1% in July.

The decrease in employment was due to decreased full-time employment, down 6,700 people to 8,133,900, and part-time employment, down 3,500 to 3,519,300.

Full-time and part-time employment decreased for both females and males.

The highest unemployment rate is in Tasmania (down from 9% to 8.2%) and the lowest is in WA (unchanged at 4.6%).

The biggest unemployment rate rise was in South Australia - up from 6.1% in June to 7.1% in July.

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

Editor's Picks