Unemployment to rise in August: Economists

6 Sep 2012, 7:17 am   -   Source: AAP
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An AAP survey this week of 16 economists showed a median forecast for an unemployment rate of 5.3 per cent in August, up from 5.2 per cent the previous month. (AAP)

An AAP survey this week of 16 economists showed a median forecast for an unemployment rate of 5.3 per cent in August, up from 5.2 per cent the previous month. (AAP)

Economists expect official labour force data to show unemployment rising marginally to 5.3 per cent in August.

Businesses are still hiring employees but not enough to stop the unemployment rate from rising slightly.

Economists expect the August employment numbers from the Australian Bureau of Statistics on Thursday to show growth in total employment numbers but not at a rate that absorbs the number of new entrants coming in to the labour market.

An AAP survey this week of 16 economists showed a median forecast for an unemployment rate of 5.3 per cent in August, up from 5.2 per cent the previous month.

Total employment was expected to rise by 5,000 for the month and the participation rate to be steady at 65.2 per cent.

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Your Comments

Labor are doing very well for Australia

Mona - from Australia, 9 months ago

Slither into disability pensions? Steve! If a person lost the use of both kidneys & had to have dialysis three days a week on a machine for hours then one would think they could slither onto such a pension? Well the answer in the online Centrelink guide on these things is a resounding No! Apparently one can work on the other 2 working days. ( tragically tho' dialysis only works for 50 % of people put on it, the rest die ) Abbott shares Steves bludger myths. It isn't Labour that is full of

The great big Labor unemployment lie

Steve - from Sydney, 9 months ago

Does anyone really believe the bs from Labor about the rate of unemployment in this country? If you re-classify all the dole bludgers who Labor have allowed to slither into disability support pensions so they dont have to look for work (about 700,000) as well as all the token, non-productive jobs provided in the State and Commonwealth Public services (another 100,000) you would get a real figure of close to 10%. Typical lies from Labor who will quickly send our country bankrupt.

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