Australia’s unemployment rate drops to 4.9% in June



However, underemployment rose 0.5% to 7.9% as the economy reacted to lockdowns in the states of Victoria and New South Wales.

Australia’s unemployment rate fell from 0.2% to 4.9% in June, adding 29,100 jobs during the month, according to data from the Australian Bureau of Statistics (ABS).

However, underemployment rose 0.5% to 7.9% as the economy responded to lockdowns caused by the pandemic in the states of Victoria and New South Wales.

In June, 33 million fewer hours were recorded, a drop of 1.8% driven by a loss of 40 million hours in Victoria. “Hours worked in Victoria fell 8.4% in June, compared to a 0.3% drop in employment,” said Bjorn Jarvis, head of labor statistics at ABS.

“This highlights how the people of Victoria cut their working hours or did not work during the lockdown, without necessarily losing their jobs,” he added.

States with short or no closures saw job growth, including Tasmania (1%), Western Australia (0.9%) and Queensland (0.6%).

READ: Australian state offers financial aid to businesses during lockdown

Meanwhile, jobs were lost in the Northern Territory (-3.9%), Australian Capital Territory (-2.5%), South Australia (-0.5%), Victoria (-0.3%) and New South Wales (-0.2%).

Youth employment fell from 0.5% to 10.2%, down 1.4% from the start of the coronavirus pandemic.



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