“Labour shortages” evident in June jobs report

15 July 2021

 

Summary: Total employment increases by 29,100 in June; rise more than expected; “many industries reporting labour shortages”; participation rate steady, near all-time high; fewer people seeking work with larger available workforce sends jobless rate to 4.9%; fewer part-time, more full-time jobs; aggregate work hours falls 1.8%; Victorian lockdown reflected in hours worked, underemployment; underemployment rate up from 7.4% to 7.9%.   Australia’s period of falling unemployment came to an end...

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