Australian unemployment ticks up in July, jobs surge again By

Cornelia Mascio
Agosto 15, 2020

Part-time employment rose by 71,200, beating the rise in full-time employment of 43,500.

The hope of improving the employment rate in the country relies heavily on the success of combating the coronavirus pandemic which is why the government is now handling the situation with their outmost effort with the goal of ending this or at least minimizing the negative effects it will have to the society.

The Australian Institute of Geoscientists (AIG) president Andrew Waltho said more than three quarters of Australia's geoscientists worked in the mining and mining exploration sector.

According to the data released by the Australian Bureau of Statistics (ABS), the unemployment rate was 7.5 per cent in July up from 7.4 per cent in June, the highest level since November 1998, reports Xinhua news agency.

The Bureau of Statistics data now estimates that more than a million Australians were unemployed in early July, up by almost 16,000 from the previous month.

The number of unemployed people rose almost 16,000 in the month leaving more than 1 million people out of work for the first time in Australian history.

"The requirement to actively seek work to continue receiving JobSeeker being reintroduced in early August, the unemployment rate is set to track higher", Dr Hunter said.

"The July figures indicate that employment had recovered by 343,000 people and hours worked had also recovered 5.5 per cent since May", Bjorn Jarvis, the head of Labour Statistics at the ABS, said in a statement.

Indeed, the participation rate rose by 0.6 percentage points to 64.7%.

The ABS said the data captured the effect of stage three restrictions in Victoria but not the harder stage four restrictions now in place as the state fights its deadly second wave of coronavirus.

The still-weak economic environment has prompted economists to call for more fiscal stimulus from the government and argue that the Reserve Bank of Australia consider further policy action, despite already having official interest rates near zero.

But there was good news in the ABS figures, with the rise in unemployment being driven by more people looking for work.

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