The country created 58,200 jobs in the month. But the number of unemployed increased by 23,900 to 637,100, taking the jobless rate to 4.2 per cent.
The nation’s unemployment rate climbed to a 2½-year high of 4.2 per cent in July in a further sign of a slowdown across the jobs market.
The country created 58,200 jobs in the month, beating expectations of 20,000. But the number of unemployed increased by 23,900 to 637,100 – the highest number since October 2021. This lifted the participation rate to a record high of 67.1 per cent. Victoria’s unemployment rate was steady at 4.6 per cent, while it increased by 0.1 percentage points to 4 per cent in NSW.
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