Member Login
Jobs growth welcomed by Australian Chamber
19 Jul 2018 | Archive
The Australian Chamber of Commerce and Industry has welcomed Australia’s strongest jobs growth in seven months, with 51,000 jobs created in June, according to the Australian Bureau of Statistics.
“This is a good strong result, especially as most of the lift in employment was in full-time jobs,” Australian Chamber Chief Economist, Adam Carr, said.
“Over the last year, we’ve seen an increase in total jobs of around 340,000. That’s something to celebrate.”
“It’s also a big positive that the unemployment rate remained low at 5.4% in a month where the number of people entering the jobs market rose strongly.”
According to the ABS, the participation rate rose to 65.7% from 65.5% as more people entered the jobs market.
“Overall it is a very positive outcome but it is somewhat tempered by a modest lift in the underemployment rate. Underemployment remains very high historically, albeit off the peaks seen last year,” Mr Carr said.
“To some extent, higher underemployment is a symptom of a more flexible labour market.
“Greater labour market flexibility is allowing workers to juggle employment and family life – and so clearly it’s an overwhelmingly positive force.
“That said, it does indicate there is some excess capacity in the labour market and this will continue to weigh on wage growth in the near term.
“Wage growth will likely pick-up further as the jobs market improves.”
Related News
ACCI Director joins Deregulation Taskforce
13/09/2019
The Australian Chamber is delighted to announce Bryan Clark, Director of ACCI Trade & International Affairs, has been appointed to the Government’s Deregulation Taskforce, announced...
ACTU's advocacy against Working Holiday Makers ignores the benefits
15/01/2019
Australia’s peak body of tourism organisations, Australian Chamber-Tourism, is concerned by reports today that the Unions would be applying strong pressure on a possible Labor...
Business welcomes latest results from graduate employment and employer satisfaction survey
11/01/2019
An improvement in employment outcomes as well as an increase in employer satisfaction with higher education graduates shown in the latest national survey have been...
Australia right to look to the Indian Ocean, as well as Asia-Pacific, to secure our future
10/01/2019
Australia’s largest and most representative business voice, the Australian Chamber of Commerce and Industry welcomes and supports the Australian Governments’ focus on the Indian Ocean...
Job Vacancies – The Facts
9/01/2019
In response to the Australian Council of Trade Unions (ACTU)’s claims today that there is a “national insecure work crisis” which is a “national disaster”,...
ABCC crucial to maintaining the law and protecting workers and small businesses
9/01/2019
Workers and the businesses that employ them have every right to be seriously concerned at reported plans by Federal Labor to abolish the Australian Building...
The Australian Chamber of Commerce and Industry’s New Year’s Resolution
28/12/2018
In this upcoming Federal Election year, the Australian Chamber of Commerce and Industry’s New Year resolution is to convince the next Federal Government of Australia...
Employment story continues positive trend; enterprise agreements still delivering
20/12/2018
The largest and most representative network for Australian businesses, the Australian Chamber of Commerce and Industry, has welcomed the reduction in trend unemployment, with the...
COAG Energy Council outcomes better reflect industry concerns - at last
19/12/2018
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry, has welcomed the COAG Energy Council’s recognition today of the importance...
Improvement in Budget bottom-line welcome
17/12/2018
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry has welcomed the improvement in the budget bottom line, announced by...
Australian Chamber Welcomes New Employment Report
14/12/2018
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry has welcomed the release of a Government report from the Independent...
Business mood cools but remains positive - survey results reveal
13/12/2018
The fourth-quarter results of the Australian Chamber-Westpac survey of Industrial trends, released today, show the outlook for Australian industry remains positive, but reinforces the need...
Building and Construction Commission vital to protecting workers' interests
12/12/2018
Record instances of law-breaking on Queensland construction sites over the past year reinforce the vital role of the Australian Building and Construction Commission (ABCC), the...
Speech | Annual Dinner Address | President Jeremy Johnson
12/12/2018
Acknowledgements Distinguished guests, on behalf of the Australian Chamber of Commerce and Industry, Australia’s largest and most representative business network I welcome you to the...
Migration works for all of us
11/12/2018
Australia’s largest and most representative business network has called on political leaders to recognise the benefits that a strong migration program delivers to all Australians...
Business Welcomes Closing of Casual Employment Loophole
11/12/2018
“Government is to be congratulated for closing a loophole that has created months of uncertainty and called into question the employment of hundreds of thousands...
Australia no longer strike bound - but right to strike alive and well
6/12/2018
“New data released today by the ABS confirms that Australians not only have the right to strike but use it, contrary to the exaggerations of...
Australian Chamber welcomes the inclusion of domestic violence leave in national employment standards
6/12/2018
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry, today welcomed...
A positive first step towards repairing our industrial relations system
6/12/2018
“Parliament should be congratulated for taking an important first step towards repairing our industrial relations system," Scott Barklamb, the Australian Chamber of Commerce and Industry's...
Latest apprentice data no cause to celebrate
4/12/2018
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry, has renewed its call to accelerate action through the Skilling Australians Fund (SAF) to boost falling...