Australia's unemployment rate in June rose to 4.1% from 4.0% the previous month, while the employment climbed 50,200 in June.
“The employment-to-population ratio and participation rate both continue to be near their 2023 highs,” said Bjorn Jarvis, ABS head of labour statistics. “This, along with the continued high level of job vacancies, suggests the labour market remains relatively tight, despite the unemployment rate being above 4 per cent since April.”
$S&P/ASX 200 (.XJO.AU)$declined by 0.31% to 8033.2 points.