Jobless rate falls after record-breaking high

THE unemployment rate fell 0.3% to 6.1% in August, confirming the record high 6.4% figure the previous month may have been an anomaly.

But, despite the fall, and an extra 121,000 people employed in August compared with July this year, the youth unemployment rate is still in high double figures.

Figures released by the ABS on Thursday confirmed the unemployment rate for Australians aged 15-19 years fell 2.1% to 18.2% in August.

The data reveals the youth unemployment rate continues to be at its highest average level since about 2001.

If also shows young men continue to be out of work more than Australia's female youth, at 19.8% compared to 16.6% for women.

And it also shows despite many having part-time or casual work, many are still looking for full-time jobs, at about 27.1% of all Australians aged 15 to 19 years old.

Employment Minister Eric Abetz said the figures showed how volatile economic data could be, but did not disguise "that the labour market is soft and employers still have concerns about taking on new employees".

- APN NEWSDESK


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