Australian jobless rate edges up to 5.8% in June
Posted: 09 July 2009 1036 hrs
MELBOURNE: Australia's unemployment rate edged up 0.1 points to 5.8 per cent in June as the jobs market remained resilient despite the global downturn, official figures showed Thursday.
Analysts had tipped a jobless rate of 5.9 per cent but the Australian Bureau of Statistics said part-time employment defied expectations to rise by 400 positions over the month. Full-time jobs declined by 21,900.
"This is a tremendous result," Commsec chief economist Craig James told Sky Business.
"The fact that we've had this global financial crisis, most economies around the world are in recession and unemployment rates in other parts of the world up around 9.0-9.5 per cent."
Posted: 09 July 2009 1036 hrs
MELBOURNE: Australia's unemployment rate edged up 0.1 points to 5.8 per cent in June as the jobs market remained resilient despite the global downturn, official figures showed Thursday.
Analysts had tipped a jobless rate of 5.9 per cent but the Australian Bureau of Statistics said part-time employment defied expectations to rise by 400 positions over the month. Full-time jobs declined by 21,900.
"This is a tremendous result," Commsec chief economist Craig James told Sky Business.
"The fact that we've had this global financial crisis, most economies around the world are in recession and unemployment rates in other parts of the world up around 9.0-9.5 per cent."
