Unemployment rate remains unchanged at 5.7% in July

Larry SchlesingerAugust 7, 2013

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

Walker Corp get sign off for SOL by Walker in Maroochydore
First look: Surfers Paradise riverfront set for more new apartments
Capio to bring family-friendly, parkside living to Carlingford
The Melbourne suburbs that will see the biggest uplift in apartment values after interest rate cuts
The Sydney suburbs that will see the biggest uplift in apartment values after interest rate cuts