Seasonally Adjusted Estimates • Employment increased 111,000 to 12,583,400 people. Full-time employment increased 36,200 to 8,584,500 people and part-time employment increased 74,800 to 3,998,900 people. • Unemployment decreased 86,500 to 921,800 people. • Unemployment rate decreased 0.7 pts to 6.8%. • Underemployment rate remained steady at 11.2%. • Underutilisation rate decreased 0.7 pts to 18.0%. • Participation rate increased by 0.1 pts to 64.8%. • Monthly hours worked in all jobs increased 1.6 million hours to 1,683.4 million hours. (full story)

Australia’s unemployment has improved shaking off fears the Victorian lockdown would cause a surge in jobless numbers. Latest labour force statistics released by the Australian Bureau of Statistics shows unemployment from July to August fell 6.8 per cent, with the total number of unemployed people decreasing by 87,000 over the period. In July, unemployment reached 7.5 per cent with a number of economists expecting the figure would worsen due to stage four lockdown measures imposed in Victoria. The participation rate only improved by 0.1 percentage points over the month. “The large increase in seasonally adjusted ... (full story)