Oz June Job Growth Booms

Oz June Job Growth Booms

Labor's employment spokesman Brendan O'Connor argues many people are still doing it tough.

Teenagers also got an employment boost this year after 58,000 jobs were added for those born between 2003 and 1999.

The bank is widely expected to keep its benchmark lending rate steady at 5.25 percent.

Both Labor and the Coalition have been ramping up their immigration rhetoric as campaigns in five federal byelections move toward their final week.

More details are in the June 2018 issue of Labour Force, Australia (cat.no. 6202.0). No such inquiry has ever eventuated.

Over the past year, the states and territories with the strongest annual growth in trend employment were New South Wales (3.7 per cent), Australian Capital Territory (2.9 per cent) and Queensland (2.6 per cent).

Work hours rose despite the hours worked per person remained similar to previous months, with June recording a 0.6% increase with an additional 10.7mn hours. Markets had been expecting jobs growth of just 16,000. More than half of the jobs were created in NSW.

June saw the nation's unemployment rate continued to remain stable on a seasonally adjusted basis at 5.4%.

Full time employment climbed by 41,200 during the month, whilst part-time staff jumped 9,700.

Economists and policymakers have been sweating on the data, hoping continued record job creation eventually kicks stagnant wages into gear.

The participation rate also lifted to 65.7 per cent.

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