Home > Industry > June Job Growth Booms

June Job Growth Booms

Latest ABS numbers reveal job growth boomed in June, adding over 50,000 new positions during the month.

The number of employed individuals blew past expectations, notching a whopping 50,900 increase versus 16,500 forecast.

Local unemployment remained unchanged at 5.4% [seasonally adjusted], whilst participation rate jumped from 65.5% in May to 65.7% in June.

Full time employment climbed by 41,200 during the month, whilst part-time staff jumped 9,700.

The Reserve Bank is tipped to keep interest rates low, awaiting a further drop in unemployment, coupled with wage and inflation growth.

 

You may also like
Cricket Australia Calls For Indian Help In ‘Digital Transformation’
‘Nine Holes’ Jackson blasts Netcomm board on US sale
Cameron Trainor Returns As JB Hi-Fi Managing Director
Woolworths Gift Random Shoppers Google Home Mini
Huawei Matebook Returns to Microsoft Store