Business
Jobless rate at 22-year high, almost 1m Australians unemployed – Sydney Morning Herald
Figures released by the ABS show the unemployment rate rose to 7.4 per cent last month, a 0.3 percentage point increase over May.
But the data does show some positive signs for the jobs market.
Total employment rose by 210,800 to 12.3 million. However, full-time employment dropped by 38,100 people to be under 8.5 million.
Under-employment fell by 1.4 percentage points to 11.7 per cent, with the ABS reporting many full-time workers were now getting their regular hours.
The unemployment rate was pushed up by a 1.3 percentage point lift in the participation rate, a sign that people are again looking for work. Monthly hours…
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