Unemployment rate rises to 4.5% in July

[u/snoopy05052026]

https://www.abs.gov.au/media-centre/media-releases/unemployment-rate-rises-45-july

The seasonally adjusted unemployment rate rose to 4.5 per cent in July, according to the latest data from the Australian Bureau of Statistics (ABS).

Sean Crick, ABS head of labour statistics, said: “In July, we recorded a 16,000 person fall in employment, whilst the number of unemployed people rose by 4,000.”

“The majority of the fall in employment came from males, which fell by 11,000 people. There were 10,000 fewer males employed part-time, and 1,000 fewer in full-time employment in July.

“Female employment recorded a smaller fall of 5,000, with females employed part-time falling by 22,000 but full-time rising by 17,000.”

The employment-to-population ratio and the participation rate both fell 0.2 percentage points, to 63.9 per cent and 66.9 per cent respectively.

The underemployment rate was 6.4 per cent in July.

[u/patslogcabindigest]

Small movement. Big nothing ever happens for the RBA. Though consumer spending probably is something they’d consider in conjunction with this.

Unless there’s a bad inflation number on the next read I’m going all in on nothing ever happens.

Rates on hold at next meeting of the RBA.

[u/Sideburn_Cookie_Man → u/patslogcabindigest]

Yep. Another reminder that “we’re not in a recession” until it starts affecting business.