July 2018 unemployment report released

July 2018 unemployment report released

Australian long-term government bonds gained on Thursday after fall in July employment change disappointed investors, but 6-year low jobless rate supported the short-term yield curve. The seasonally adjusted unemployment rate decreased to 5.3 percent and the labour force participation rate decreased to 65.5 percent, according to the latest figures released by the Australian Bureau of Statistics (ABS) today.

Since July of past year the preliminary jobless rate has decreased by 0.7 percent.

"This government is a jobs machine, working together with the Australian economy that is a jobs machine, that is responding to the economic policies", he told parliament.

WA's unemployment rate has fallen to its lowest level since the start of the year on the back of a lift in people holding down full-time work.

The dollar jumped on the unemployment drop owing to a falling participation rate.

Rescuers deal with fire in Italian bridge rubble before day of mourning
Since then, rescuers have been scouring through the rubble and crawling between the blocks of concrete, looking for survivors. Infrastructure across Italy will be double-checked in the aftermath of the disaster, the government has promised.

The national unemployment rate for July was 3.9 percent.

Australia's jobs market has remained solid this year, even as it cools from 2017's record run of full-time hiring.

The jobless rate dropped to the lowest level since November 2012, edging toward the full employment level the central bank is targeting, even as hiring fell and fewer people sought work in July.

"We need to see a system that sees stronger employment growth and better-paying conditions".

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