Unemployment rate lowest in over five years

Employment regains its mojo with booming growth in June

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

Labor's employment spokesman Brendan O'Connor argues many people are still doing it tough. Global students are legally limited to 20 hours of employment per week, restricting their impact on the overall labour market. No such inquiry has ever eventuated.

"With the RBA expecting growth in 2018 and 2019 to be comfortably above trend, we assess that the Board's current expectations for policy are still different to Westpac's views".

In line with the relationship over the past year, the participation rate is closely following changes in employment, keeping the unemployment rate fairly steady at around 5 ½ per cent. More than half of the jobs were created in NSW.

The unemployment rate in Australia came in at a seasonally adjusted 5.4 percent in June, the Australian Bureau of Statistics said on Thursday.

Donald Trump says meeting with Vladimir Putin ‘not always conciliatory’
The secretary's denial came a day after Sanders, the White House press secretary, indicated that no final decision had been made. The president campaigned on closer ties with Russian Federation , a goal that had been thwarted during his first year in office.

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

But the under-utilisation rate, a combination of unemployment and workers who would like more hours but are not getting them, remains near its peak of 13.8 per cent.

The result signals much-needed labour tightness - which would encourage employers to bid up wages - might still be a way off.

The Reserve Bank of Australia (RBA) has always said that the low-interest-rate environment continues to be beneficial in boosting the economy and alleviating household debt levels.


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