{"id":140496,"date":"2024-08-16T02:39:14","date_gmt":"2024-08-16T02:39:14","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=140496"},"modified":"2024-08-16T02:39:14","modified_gmt":"2024-08-16T02:39:14","slug":"australian-unemployment-rises-to-4-2-pc","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/australian-unemployment-rises-to-4-2-pc\/","title":{"rendered":"Australian Unemployment Rises To 4.2 Pc"},"content":{"rendered":"<div class=\"jeg_custom_title_wrapper \">\n<h1 class=\"jeg_post_title\" style=\"text-align: center;\"><strong><span style=\"color: #003300;\">Australian Unemployment Rises To 4.2 Pc<\/span><\/strong><\/h1>\n<p><a href=\"https:\/\/ommcomnews.com\/wp-content\/uploads\/2024\/05\/Unemployment-Rate.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-140492 aligncenter\" src=\"https:\/\/ommcomnews.com\/wp-content\/uploads\/2024\/05\/Unemployment-Rate.jpg\" alt=\"\" width=\"600\" height=\"450\" \/><\/a><\/p>\n<p><span style=\"font-size: 16px;\">source:-<a href=\"https:\/\/ommcomnews.com\/world-news\/australian-unemployment-rises-to-4-2-pc\" target=\"_blank\" rel=\"noopener\">ommcomnews<\/a><\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\"><strong>Canberra:<\/strong>\u00a0Australia\u2019s unemployment rate has risen to its highest level in over two years, according to official data published by the Australian Bureau of Statistics (ABS) on Thursday.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">The unemployment rate rose to 4.2 per cent in July \u2013 up from 4.1 per cent in June and the equal-highest figure since November 2021, the ABS data revealed.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Economists broadly expected the unemployment rate to remain steady at 4.1 per cent in July, reports Xinhua news agency, quoting the Australian Broadcasting Corporation (ABC).<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">The ABS said the total number of employed Australians increased by 58,200 between June and July to 14.46 million but that the number of unemployed people grew by 23,900 in the same period to 637,100 \u2013 the highest since November 2021.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">As a result, the participation rate, which measures the proportion of working-age Australians who are either employed or actively looking for work, rose from 66.9 per cent in June to a record high of 67.1 per cent in July.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">\u201cThe employment-to-population ratio rose by 0.1 percentage point to 64.3 per cent, indicating employment growth was faster than population growth and was just below the historical high of 64.4 per cent in November 2023,\u201d Kate Lamb, head of labour statistics at the ABS, said in a statement.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">\u201cThe record high participation rate and near record high employment-to-population ratio show that there continues to be a high number of people in jobs, and looking for and finding jobs.\u201d<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">She said 4.2 per cent of employed Australians worked reduced hours in July due to illness, similar to the levels in May and June and above the five-year pre-COVID July average of 3.6 per cent.<\/span><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">(IANS)<\/span><\/p>\n<p><span style=\"text-decoration: underline; color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/websitedesigns.com.au\/elankanew\/elanka-newsletter-sign-up\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"font-size: 18px;\">Click here to receive your free copy of the eLanka Newsletter twice a week delivered directly\u00a0to\u00a0your\u00a0inbox!<\/span><\/strong><\/a><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Australian Unemployment Rises To 4.2 Pc source:-ommcomnews Canberra:\u00a0Australia\u2019s unemployment rate has risen to its highest level in over two years, according to official data published by the Australian Bureau of Statistics (ABS) on Thursday. The unemployment rate rose to 4.2 per cent in July \u2013 up from 4.1 per cent in June and the equal-highest [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":140497,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20],"tags":[68665,68664,68667,68662,68666,68669,68663,68670,68668],"class_list":{"0":"post-140496","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"tag-australias-job-market","9":"tag-australian-bureau-of-statistics-abs","10":"tag-australian-labor-force-data","11":"tag-australian-unemployment-rate","12":"tag-employment-trends-australia","13":"tag-employment-to-population-ratio-australia","14":"tag-july-2024-unemployment-statistics","15":"tag-participation-rate-australia-2024","16":"tag-unemployment-increase-july-2024","17":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - 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