July 2022

July 2022

August 18, 2022

Employment fell a seasonally adjusted 40.9k in July, against market expectations of a 26.5k increase. The unemployment rate dipped 0.1ppts to 3.4%, the lowest level since Q3 1974 when the labour force survey was quarterly. This came amid a 0.3ppts fall in the participation rate, to a still high 66.4%.

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