Australia’s unemployment rate jumps to 4.3 percent

The data will reinforce the weakness that is continuing within the private side of the Australian economy, writes KPMG’s Chief Economist Brendan Rynne.

Australia's unemployment has jumped by 0.2 percent to 4.3 percent between May and June, a rate not anticipated by the Reserve Bank of Australia (RBA) to be achieved until the end of the year. The key reason for this movement is that we saw full-time employment dropping by 38,000, while part time employment grew by 40,000 - a net pick up of 2,000 additional workers, which was swamped by a rise in 34,000 additional people looking for work. While quarterly inflation data is still a week or so ...

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Authors: Brendan Rynne

Published Date: 18 July 2025