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Posted: 2024-07-18 01:37:11

Australia's unemployment rate has continued to edge higher, despite the creation of about 50,000, mostly full-time, jobs.

Bureau of Statistics figures put the unemployment rate at 4.1 per cent in June, up slightly from 4 per cent the previous month.

The bureau's head of labour statistics, Bjorn Jarvis, said a slight increase in the proportion of Australians aged 15 and over in work or looking for it, was the main reason unemployment rose despite such strong job creation.

"The participation rate in June was only 0.1 percentage point lower than the historical high of 67.0 per cent in November 2023," he noted.

"The employment-to-population ratio rose by 0.1 percentage point to 64.2 per cent, which was also close to its historical high of 64.4 per cent in November 2023.

"This, along with the continued high level of job vacancies, suggests the labour market remains relatively tight, despite the unemployment rate being above 4.0 per cent since April."

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