"Similarly, the underemployment rate will likely rise substantially given that the nature of this shock disproportionately hits sectors that are more part time and casualised in nature. The underemployment rate decreased by 0.5% to 11.2%.The employment minister, Michaelia Cash, said the result underscored the reality Australia was still living with Covid-19. Amid the COVID-19 shutdown and stimulus that has become more true than ever.The participation rate would have been boosted by the reintroduction of some limited mutual obligation requirements in early June, pushing more people on JobSeeker into looking for work to retain their benefits.It is likely to receive another boost this month, as more requirements were reintroduced on August 4 to everywhere except Victoria.There was also good news on hours worked, which rose 1.3 per cent during the month.This helped to reduce underemployment, which dropped 0.5 percentage points, but still remains at a high level of 11.2 per cent.Combining that figure with the unemployment rate reveals that 18.7 per cent of Australians aged over 15 who want to work either cannot find a job or cannot get as many hours as they want.These ABS figures capture people's working situation for the fortnight of June 28 to July 11, and so do not capture most of "Restrictions have tightened and conditions worsened since then, with "Employment is likely to slip back in the August print, and with the requirement to actively seek work to continue receiving JobSeeker being reintroduced in early August, the unemployment rate is set to track higher. How long will it take to get my results back?Millions of Aussies have been told to isolate. Labour force figures from the Australian Bureau of Statistics released Thursday showed Australia’s jobless rate had increased just under 0.1 per cent from June to 7.5 per cent. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! The number of unemployed people increased by 15,700 in July, which pushed the number of jobless people north of one million.An analysis of hours worked by the ABS notes that since the low point in May, total hours worked in Australia have increased by 88 million, recovering almost half of the 186 million decrease recorded between March and May.

Even though seasonally adjusted employment increased by 114,700 people between June and July, and hours worked increased 1.3%, the unemployment rate in July edged up from 7.4% in June.

"It's close to 30 years since Australia's last recession, which saw vast numbers of people lose their jobs or struggle to break into the workforce, as another recession looms, writes Stephen Long. "If we treat everyone who lost their job as becoming unemployed, then the actual unemployment rate is 9.1 per cent, having improved considerably from 11.6 per cent in May," he noted.One of the Reserve Bank's targets is full employment, but back when that target was set it meant a very different thing to what does today.That number would be higher still if not for JobKeeper, with EY's chief economist Jo Masters pointing out that there were still 165,000 people counted as employed but working zero hours.Sarah Hunter from BIS Oxford Economics reckons the real unemployment rate is still around 10 per cent. High participation rates are also one of the key drivers of national economic growth and living standards.The participation rate jumped by 0.6 percentage points to 64.7 per cent and is now approaching something like normal levels, which have ranged between 65-66 per cent over recent years.For years, rising underemployment has meant the unemployment rate is only part of the jobs picture. © 2020 Guardian News & Media Limited or its affiliated companies. "I was half packed up and got pulled into an office and told I was made redundant. "EY chief economist Jo Masters said they expected the unemployment rate to rise to 10 per cent. Does that stack up?Clive Palmer claiming victory over WA after Supreme Court actionWife buried in backyard for 45 years was hit with metal bar, husband admits to policeNeighbours' row over 'two very Australian phenomena' ends up in NSW Supreme CourtIn her formal VP announcement, Kamala Harris went hard on Donald TrumpFamily of woman left with irreversible brain injuries after paramedic treatment loses $3m High Court caseNZ Deputy PM says a quarantine breach was most likely source of new infections. I'm just not going to get the dream job.

"And those that are stood down by the employer will only be counted as unemployed if they don't receive the JobKeeper payment and if they actively search for work. Australia’s unemployment has climbed to 7.5 per cent in July, from 7.4 per cent in the prior month, new figures from the Australian Bureau of Statistics show.

“For the first time there were more than one million people out of work, available to work and actively looking for work,” ABS spokesman Bjorn Jarvis said. It was the highest jobless rate since November 1998, as public health measures to contain the COVID-19 crisis took a huge toll on the economy, including the labor market. "What's more, even in the lowest-paying sector of the economy — accommodation and food services — 30 per cent of employees earned more than the $1500 wage subsidy per fortnight in 2018, the latest year for which data are available.


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