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Labour force June 2008



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The Hon Julia Gillard MP

Minister for Education. Minister for Employment and Workplace Relations Minister for Social Inclusion. Deputy Prime Minister 10 July, 2008

Media Release

Labour Force June 2008

In the context of 8 interest rate rises in a little over three years, skyrocketing international oil prices and global

financial turmoil, today’s jobs figures are welcome news.

Today’s jobs numbers show that, despite challenges in the international economy, Australians have some

cause for optimism.

This month’s jobs figures exceeded market expectations, with seasonally adjusted employment increasing by

29 800 in June to stand at 10 715 700.

The seasonally adjusted unemployment rate fell to 4.2 per cent over the month, despite an increase in the

labour force participation rate, which rose by 0.1 percentage points to 65.3 per cent in June, as more people

entered the labour market.

Across Australia, all States and Territories have an unemployment rate of well under 5 per cent.

Full-time employment rose strongly, by 24 000 over the month, and now stands at 7 664 600. Part-time

employment also increased over the month, up by 5 800 to stand at 3 051 100.

252 400 jobs have now been created over the past year, more than two thirds of which have been full-time

positions.

The Rudd Government is pleased to see more Australians in work than ever before, despite the headwinds that

have been buffeting the Australian economy from ongoing global financial market turmoil and rising world oil

prices.

The Rudd Government is determined to get the long-term fundamentals right - to tackle inflation and invest

in future capacity - so we can create jobs into the future.

Media Contact:

media@deewr.gov.au

Non-media queries: 1300 33 079

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