Australian participation rate actual 67.1% (forecast 67%, previous 67.0%)

Australian participation rate actual 67.1% (forecast 67%, previous 67.0%)

The Australian unemployment rate has increased to 4.3% in June, up from 4.1% in May, according to the latest data released by the Australian Bureau of Statistics. This is the highest level since March 2023. The participation rate, which measures the proportion of the labor force that is actively seeking work, has edged up to 67.1%, slightly above the forecasted 67% and the previous rate of 67.0% [1].

The increase in the unemployment rate is attributed to a modest rise in the number of job seekers. The Australian economy added 21,000 jobs in June, following a loss of 2,500 jobs in May. This job growth is expected to continue, with analysts forecasting a further increase in employment in the coming months [2].

The rise in the unemployment rate is a cause for concern among economic analysts, who had anticipated a steady decline in unemployment. The increase in the participation rate suggests that more people are actively seeking employment, which could potentially drive further job growth in the future.

The Australian economy is expected to continue its recovery from the COVID-19 pandemic, with the unemployment rate forecasted to decline in the coming quarters. However, the recent increase in the unemployment rate may indicate a slowdown in the economic recovery.

References:
[1] https://www.marketscreener.com/quote/index/ASX-200-5966092/news/Australia-s-Jobless-Rate-Rises-to-4-3-in-June-From-4-1-in-May-Participation-Rate-Edges-Up-to-Over-50529490/
[2] https://forex.tradingcharts.com/international_financial_news/australia_unemployment_data_thursday_07162025_0674.html