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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Unemployment rate holds firm

By Staff Reporter
06 August 2009 | 1 minute read

The unemployment rate held steady over July, indicating that Australian businesses are riding out the economic downturn without having to resort to heavy job cuts.

According to figures released by the Australian Bureau of Statistics (ABS) today the unemployment rate did not change from June’s 5.8 per cent, seasonally adjusted – news that may further reinforce that our economy could be stronger than originally anticipated.

Only 16,000 full time jobs were lost in July, with 10,793,600 now in the workforce. However part time employment increased by 48,200 to 3,203,200, the ABS said.

 

Unemployment rate holds firm
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Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.