Australia’s employment rose in June with the addition of 50,000 jobs, marking the nation’s largest month for expansion since 2017.
Of the new employment, 82.4% were full-time at more than 41,200 positions, whilst more than 9,700 were part-time jobs, ABC reported.
“Not only was employment growth strong, up 50,900 people, but over 80 per cent of that rise was due to full-time roles,” stated Callum Pickering, Economist for Asia Pacific at Indeed.
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.
June saw the nation’s unemployment rate continued to remain stable on a seasonally adjusted basis at 5.4%.
However, unemployment for youth dropped by 11.3% last month, the lowest rate in the country for six years, since April 2012.
“With 95,200 young people getting a job in the last financial year, that is the best financial result in 30 years, since 1988/89,” remarked Scott Morrison, Australia’s Treasurer.
“These are excellent youth unemployment figures and it is great to see young people getting jobs, because a young person who is getting onto a job before the age of 24, that is a young person who doesn’t look forward to a life on welfare.”