July 2021

July 2021

August 19, 2021

Seasonally adjusted employment rose by 2.2k in July, despite the lockdown in New South Wales.

The adjustment in the labour market occurred through a reduction in hours worked, translating into a rise in the underemployment rate.

The unemployment rate unexpectedly fell 0.3 ppts to 4.6%, as some people that had lost their jobs due to the lockdown were not classified as unemployed.

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