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...
Migration positive story welcome
19/10/2018
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry, has welcomed the Federal Government’s renewed emphasis on the importance and...
Speech | The Future of Enterprise Bargaining and Wage Setting
19/10/2018
“THE FUTURE OF ENTERPRISE BARGAINING AND WAGE SETTING” ALERA Conference. Friday 19 October 2018, Barossa Valley – Novotel Barossa Valley Resort Download the address by...
Australian businesses now have access to TRILLION dollar market
19/10/2018
Australia’s acceptance into the World Trade Organization (WTO) Agreement on Government Procurement (GPA) has opened up Australian businesses to global government contracts worth over $1.5...
Business welcomes Government intervention on casual employment
18/10/2018
The Federal Government’s intervention in a legal challenge to preserve casual employment and protect Australia’s small businesses from billions of dollars of additional, unbudgeted liabilities...
Australian Chamber welcomes Senate endorsement of TPP
17/10/2018
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry has welcomed the passage of the Comprehensive and Progressive Agreement for...
Australian Chamber Welcomes COAG Commitment To Address Silicosis
15/10/2018
Australia’s largest business network, the Australian Chamber of Commerce and Industry has welcomed the COAG Health Council and Minister Hunt’s commitment to address silicosis in...
Australian Chamber welcomes Labor support for small business tax cuts
12/10/2018
The Federal Opposition’s decision to support the acceleration of tax cuts for small, medium and family sized businesses has been warmly welcomed by Australia’s largest...
Tax cuts the right move by Federal Government
11/10/2018
Australia’s largest voice for small business, the Australian Chamber of Commerce and Industry, has welcomed the Federal Government’s decision to bring forward tax cuts for...
Business renews calls for bipartisan national solution to energy crisis
10/10/2018
A holistic, bipartisan and national approach is essential to resolving Australia’s energy issues, Australia’s largest and most representative business network, the Australian Chamber of Commerce...
Promote regional migration but not at expense of city-based jobs
9/10/2018
The Federal Government’s focus on addressing congestion in Australia’s major cities has been welcomed by Australia’s largest and most representative business network, the Australian Chamber...
Australia Must Reject Big Union Plan to Return to Big Strikes
5/10/2018
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry, today called on all political parties to reject the ACTU’s plan...
ACTU - "Why?"
4/10/2018
Australia’s largest business voice, the Australian Chamber of Commerce and Industry, asks a simple question about the ACTU’s plan to expose Australia to rolling, industry-wide...
Australian Chamber welcomes VET FEE-HELP remedy for students
20/09/2018
Australia's largest and most representative business network, the Australian Chamber of Commerce and Industry, today welcomes the announcement by the Government to further assist those students...
Speech | Australian Chamber Business Leaders Summit Cocktail Reception Address
19/09/2018
Address by James Pearson, Australian Chamber CEO ****** CHECK AGAINST DELIVERY****** I’d like to begin by acknowledging the Traditional Custodians of the land on which...
Business leaders gather at Parliament House for Business Leaders Summit
18/09/2018
Over 150 leaders from Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry, will gather at Parliament house tonight to...
Hundreds of thousands of jobs at risk after employment decision
13/09/2018
Australia's largest voice for small business, the Australian Chamber of Commerce and Industry, said a Federal Court decision that overrules the existing understanding of casual employment...
Jobs surge welcomed by Australian Chamber
13/09/2018
The Australian Chamber of Commerce and Industry has welcomed news from the Australian Bureau of Statistics today that total jobs surged by 44,000 in August, following...
Parliament Should Deliver A Consistent National Domestic Violence Leave Standard
13/09/2018
Australia's largest and most representative business network, the Australian Chamber of Commerce and Industry, welcomes proposed laws to provide all Australian employees with access to...
Australian Chamber calls for action and support to deal with sexual harassment in the workplace
12/09/2018
Australia's largest and most representative business network, the Australian Chamber of Commerce and Industry, says that new data reporting Australians' experiences of sexual harassment at work...