The Australian Bureau of Statistics (ABS) Labour Force figures have been released for June.
Employment trend has been consistent over the last six months and has grown by 0.7% in June 2016. Full-time employment was the driving force behind the growth with the participation rate increasing 0.1%.
As employment steadily grows, part-time growth at its weakest since August 2014. Unemployment has edged up from 5.7% to 5.8% the highest it’s been since February 2016.
7,900 jobs created and is a strong indicator that the Australian economy is strengthening.
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Source: The Australian Bureau of Statistics- Labour Force Australia, June 2016http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/6202.0