Jobless rate falls in SA

Submitted 12/08/2010

AAP

 


South Australia and Tasmania were the only states to record a decrease in unemployment, according to figures released today. Australia's unemployment rate has been seasonally adjusted to 5.3 per cent in July, compared with an unrevised 5.1 per cent in June, the Australian Bureau of Statistics (ABS) says. Full-time employment fell 4200 to 7866 million in the month and part-time employment was up by 27,700 to 3369 million. The participation rate in July was 65.5 per cent, up from an upwardly revised 65.3 per cent in June. Business SA chief executive officer Peter Vaughan said the data was welcome news following the pressure being felt throughout the local economy. This is a reverse in the trend from the previous month where South Australia was the only State to see a rise in its unemployment rate,? he said. ?Business and consumer confidence has been low and it is pleasing the new financial year has brought with it a decline in local unemployment.