WA jobless rate falls to six-month low

17 Août, 2018, 11:51 | Auteur: Auguste Feret
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The unemployment rate has fallen to its lowest rate in almost six years, spurring the Turnbull government to claim credit for the underlying economic performance. Full-time employment increased 19,300 to 8,587,500 and part-time employment decreased 23,200 to 3,987,700.

Australia's jobless rate edges closer to 5% full employment estimate. "The unemployment rate continues its gradual decline and full-time employment growth should, in time, reduce the level of labor underutilisation".

The trend monthly hours worked increased by 0.2 per cent in July 2018 and by 1.9 per cent over the past year. But it is still performing better than any other state overall, with a jobless rate of 4.9 per cent, up from 4.7 per cent where it was flirting with the so-called natural rate of unemployment.

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It happened despite the number of Australians holding a job falling by 3900.

The trend participation rate remained steady at 65.5 per cent in July 2018, after the June figure was revised down.

It was steady in the ACT, which has the nation's lowest unemployment rate of 3.6 per cent.

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