Australia June Unemployment Rate 4.3% (expected 4.1%, prior 4.1%)

Employment report from Australia for June 2025

Employment Change +2.0K

• expected +20K, prior -2.5K

Full-Time Employment -38.2K

• prior +38.7K

Part-Time Employment +40.2K

• prior -41.1K

Unemployment Rate 4.3%

• expected 4.1%, prior 4.1%

Participation Rate 67.1%, just off a record high

• expected 67.0%, prior 67.0%

Hours worked -0.9% m/m

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That jump in the unemployment rate should be enough to lock in an August rate cut from the Reserve Bank of Australia. Tightness in the labour market has been one of the reasons the bank has been slow with its cutting cycle.

more to come

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