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Labour market statistics: June 2023 quarter
Key facts: In the June 2023 quarter, compared with the March 2023 quarter, the: • unemployment rate was 3.6 percent, compared with 3.4 percent • underutilisation rate was 9.8 percent, up from 9.1 percent (revised) • employment rate was 69.8 percent, compared with 69.6 percent (revised). In the year to the June 2023 quarter: • all salary and wage rates (including overtime) increased 4.3 percent • average weekly earnings (including overtime) for full-time equivalent employees (FTEs) increased to $1,531 • average ordinary time hourly earnings increased to $39.53. table Unemployment: The seasonally adjusted ... (full story)