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- Australian labor market trends in July 20241:
- Unemployment rate increased to 4.2%.
- Participation rate increased to 67.1%.
- Employment increased to 14,462,100.
- Employment to population ratio increased to 64.3%.
- Underemployment rate remained at 6.4%.
- Monthly hours worked increased to 1,960 million.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In trend terms, in July 2024: unemployment rate increased to 4.2%. participation rate increased to 67.1%. employment increased to 14,462,100. employment to population ratio increased to 64.3%. underemployment rate remained at 6.4%. monthly hours worked increased to 1,960 million.www.abs.gov.au/statistics/labour/employment-and …Key insights into Australia’s labour market
- Australia’s labour market is still constrained The KPMG Labour Market Pressure Index is still deep in the ‘red’ zone, indicating significant constraints still exist in Australia’s labour market. ...
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