Fed: Unemployment at generational low of 4.8 p/c

AAP General News (Australia)
08-10-2006
Fed: Unemployment at generational low of 4.8 p/c

New figures show Australia's unemployment rate has slipped to a generational low of 4.8 per cent.

The Bureau of Stats says the total number of people in work increased 50 thousand to
almost 10.25 million during July .. pushing the unemployment rate down 0.1 percentage
point.

Total unemployment fell 14 thousand 100 to almost 514 thousand.

The improvement in the jobless rate came even though the participation rate .. the
number of people looking for work .. increased to 65 per cent.

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KEYWORD: JOBS (CANBERRA)

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