Wednesday, September 7, 2011

Unemployment Rate Rose In June 2011

Yikes, the month June passed by and not many realised that the unemployment rate for that month actually rose.

This was after remaining steady in the previous month, data released by the Department of Statistics showed recently.

A report from a global financial news-wire, quoted the statistics, saying that the unemployment rate increased to 3.2 percent in June from 3 percent in May, which was unchanged from the figure for April. In June 2010, the jobless rate was 3.6 percent.

The number of unemployed persons in the country advanced to 400,100 in June from 380,300 in the previous month. Year-on-year, the number of unemployed dropped 8.1 percent.

Meanwhile, the number of employed persons remained unchanged at 12.11 million during the month. Compared to last year, employment was up by 2.9 percent.

The number of labor force edged up to 12.51 million in June from 12.49 million in the previous month. The labor force participation rate for the month was steady at 63.9 percent.