Unemployment to rise to 5.2 percent: economists

Reported by AAP
Thursday, July 12, 2012

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A survey of economists shows that most expect unemployment to rise to 5.2 percent in June, while total employment growth is expected to be flat.

Economists expect official data today to show the strong jobs growth of previous months to have ground to a halt.

The Australian Bureau of Statistics (ABS) is expected to report a rise in the June unemployment rate.

Most of the 17 economists in an AAP survey expect the June unemployment rate to have risen to 5.2 percent, from 5.1 percent in May.

But they say growth in total employment numbers is expected to be flat.

In the previous jobs figures, the ABS reported an increase of 38,900 in total employment numbers in May, while the unemployment rate rose to 5.1 percent that month from 5.0 precent in April.

20/06/2013 11:38Sydney, Australia. 20 June,2013
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