July unemployment rate remained steady at 3.3% for the ninth-straight month
The unemployment rate remained unchanged for the ninth straight month at 3.3% in July (Jun: 3.3%), reflecting stable labour market conditions
- Unemployment numbers fell by 0.3% MoM (Jun: - 0.1%): extending a 35-month decline and at the fastest pace in eight months.
- In absolute terms, the number of unemployed persons fell to 563.7k (Jun: 565.3k), slowly approaching the pre-pandemic level (Feb-20: 525.2k). Meanwhile, the actively unemployed fell to 450.7k (Jun: 451.9k), and those unemployed for less than three months decreased to 277.0k (Jun: 277.9k), the lowest since April 2020.
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