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SA jobless rate climbs while Australia holds steady

South Australia’s unemployment rate is the country’s highest after climbing to 4.2 per cent in June, while the national rate was unchanged at 3.5 per cent.

Jul 20, 2023, updated Jul 20, 2023
 Photo: Tony Lewis/InDaily

Photo: Tony Lewis/InDaily

Australian Bureau of Statistics labour force figures for June, released Thursday morning, show SA’s jobless rate rose by 0.2 per cent in seasonally adjusted terms.

New South Wales recorded the nation’s lowest rate of 2.9 per cent, followed by Tasmania with 3.5 per cent, Queensland and Western Australia on 3.6 per cent and Victoria on 3.7 per cent.

The number of employed people in South Australia fell by 0.8 per cent to 948,99, while the underemployment rate rose by 0.1 per cent to 7.1 per cent.

SA’s participation rate, measuring those actively seeking work, also fell by 0.5 per cent to 64.3 per cent, compared with a national rate of 66.8 per cent.

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Nationally, full-time employment climbed by 39,300 jobs to 9.868 million, while the number of part-time jobs fell by 6,700 to 4.177 million.

“The rise in employment in June saw the employment-to-population ratio remain at a record high 64.5 per cent, reflecting a tight labour market in which employment has recently increased in line with population growth,” ABS head of labour force statistics Bjorn Jarvis said.

“In addition to there being over a million more employed people than before the pandemic, a might higher share of the population is employed.

“In June 2023, 64.5 per cent of people 15 years or older were employed – an increase of 2.1 percentage points since March 2020.”

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