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Number of Aussies out of work officially rises above 1m

Maja Garaca Djurdjevic
Maja Garaca Djurdjevic
13 August 2020 1 minute readShare
Number of Aussie out of work officially rises above 1m

July was a tough month for Aussies, with the number of people out of work, available to work and actively looking for work rising past 1 million, an increase of 16,000 from a month earlier.

The unemployment rate has crawled up by less than 0.1 of a percentage point to 7.5 per cent in July, despite the addition of a further 114,700 jobs from June.

The Australian Bureau of Statistics revealed a slight increase in unemployment from June to July, despite the addition of over 100,000 jobs last month, underpinned by a large increase in part-time employment (71,200 people).

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Overall, the percentage of people employed in Australia increased by 0.5 of a percentage point to 59.8 per cent, up from a low of 58.2 per cent in May.

“The July figures indicate that employment had recovered by 343,000 people and hours worked had also recovered 5.5 per cent since May,” said Bjorn Jarvis, head of labour statistics at the ABS.

 

“Employment remained over half a million people lower than seen in March, while hours worked remained 5.5 per cent lower.”

Hours worked rose by 1.3 per cent in July, and increased more for females (2.3 per cent) than males (0.6 of a percentage point).

Moreover, the participation rate increased by 0.6 of a percentage point in July, and the unemployment rate increased slightly to 7.5 per cent.

“The number of unemployed people rose by nearly 16,000 between June and July,” Mr Jarvis said.

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“For the first time, there were more than 1 million people out of work, available to work and actively looking for work.”

The underemployment rate decreased by 0.5 of a percentage point, to 11.2 per cent, but remained 2.4 percentage points above March.

The underutilisation rate, which combines the unemployment and underemployment rates, fell by 0.4 of a percentage point to 18.7 per cent, but remained 4.7 percentage points higher than March.

Mr Jarvis said: “The July data provides insight into the Australian labour market during stage 3 restrictions in Victoria.

“The August labour force data will provide the first indication of the impact of stage 4 restrictions.”

Number of Aussies out of work officially rises above 1m
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Maja Garaca Djurdjevic
Maja Garaca Djurdjevic

Maja Garaca Djurdjevic is the editor of My Business. 

Maja has a decade-long career in journalism across finance, business and politics. Now a well-versed reporter in the SME and accounting arena, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies and enabling citizens to influence decision-making.

You can email Maja on [email protected] 

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