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July unemployment rate of 3.4% continues the downward trend

The unemployment rate fell for men (down 0.2 percentage points) to 3.4 per cent, and remained steady at 3.4 per cent for women.

“The fall in unemployment in July reflects an increasingly tight labour market, including high job vacancies and ongoing labour shortages, resulting in the lowest unemployment rate since August 1974,” Mr Jarvis said.

“In July, there were fewer unemployed people (474,000) than there were job vacancies (480,000 in May).”

There was also good news for youth employment (those aged between 15 and 24 years) with July seeing a further 13,000 young people (up 0.7 per cent) securing employment, the third consecutive increase since May.

Despite the increase in employed people in July, due to leave taken during the winter school holidays and the increasing sick leave attributed mainly to Covid-19 and influenza, the national hours worked fell by 0.8 per cent.

Managing Director for The BUSY Group, Paul Miles, stated: “With less than one person for every job vacancy available, many industries are short-staffed and employers are utilising out-of-the-box methods to attract staff. Businesses are also employing more apprentices and trainees to future-proof the skills needs in their business so now is an optimum time for someone looking to enter a new career path. We encourage businesses and jobseekers to get in touch with us to see how we can support you.”

For more information on Australian Apprenticeship Support Network services and Workforce Australia Employment Services, visit

For information on apprenticeship or traineeship vacancies available visit the national apprenticeship jobs board at


 Australian Bureau of Statistics

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