Australian June 2021 Labour Market employment report

Employment Change: +29.1K

  • expected +30K, prior +115.2K

Unemployment Rate: 4.9% .... this is a biggie, dropping under 5%

  • expected 5.1%, prior 5.1%

Full-Time Employment Change: +51.6K

  • prior was +97.5K

Part-Time Employment Change: -22.5K

  • prior was +17.7K

Participation Rate: 66.2% (unchanged on the month)

  • expected 66.3%, prior was 66.2%

---

More:

Underemployment 7.9%

  • prior 7.4%

Hours worked -1.8% (in shutdown state of Victora -8.4%)

Australian unemployment rate graph

---

Background to this: