Australian unemployment rate increases for the second straight month to 5.3 per cent in August 2011

15-09-11

The Australian unemployment rate has unexpectedly increased to 5.3 per cent in August, as announced by the Australian Bureau of Statistics (ABS) on September 8th 2011.

Employment decreased 9,700 (0.1%) to 11,432,600. A decrease in full-time employment of 12,600 to 8,034,900 was offset by an increase in part-time employment of 2,900 to 3,397,600.

The male unemployment rate increased 0.3 pts to 5.3% and the female unemployment rate decreased 0.1 pts to 5.3%.

Minister for Skills and Jobs, Senator Chris Evans said, despite a small rise in the unemployment rate to 5.3 per cent for August, the jobless rate remains low by historical and international standards.

He went on to say that “our unemployment rate remains the envy of the industrialised world and there is simply no comparison between the employment market in Australian and those of our peers abroad.”

To see the full report from the ABS 
click here.

To read Senator Evans statement click here.

 

 

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