By JR on Thursday, August 06, 2015
More jobs than before and yet the unemployment rate rises?
Both are good signs. As more jobs become available in Australia, the more people start to look for work. Previously "discouraged" workers are on the lookout again now that it seems worth looking
Employment surged in the month of July even as the unemployment rate climbed from 6 to 6.3 per cent.
The latest official figures from the Bureau of Statistics show a jump of employment of 38,500 in July after a jump of 7000 in June and 42,000 in May. The combined jump of 87,500 came as the unemployment rate climbed from 6 to 6.3 per cent.
The discrepancy is explained by a jump in the number of unemployed Australians from 771,000 to 801,000.
The results come at a time of unusual volatility in the figures following changes in the way the Bureau of Statistics collects the data.
On the face of it they show they show a big increase in the number of Australians prepared to look for work as an extra 30,000 described themselves as unemployed and an extra 87,500 found jobs.
It is highly likely that both growth rates will be revised down next month when the Bureau recalibrates its estimates to take account of lower than expected population growth.