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Labour force July 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 07 August, 2008

Media Release

Labour Force July 2008

The Government welcomes today’s labour force figures, especially as the nation confronts the most difficult

global conditions in a least a quarter century.

The latest Labour Force data indicates that employment continued to grow in July, while the unemployment

rate remained steady at 4.3 per cent. The participation rate also remained steady at 65.3 per cent.

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

increasing by 10 900 to stand at 10 721 500.

Full-time employment rose strongly, by 53 700 over the month to 7 718 400, while part-time employment

decreased by 42 800.

While employment growth is easing as a result of global conditions and 8 interest rate rises in just over 3

years, the fundamentals of the economy remain strong.

248 200 jobs have now been created over the past year, more than 87 per cent of which have been full-time


Employment in the month was strongest in Queensland (up 17,200) and Western Australia (up 15.300),

followed by South Australia (up 3,600).

As we've been saying for some time, Australia is not immune from the global slowdown but we're better placed

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than other nations to withstand it.

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.

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