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Australia’s seasonally adjusted unemployment rate declined to 4.2% in July 2025, down from 4.3% in June, which had marked the highest jobless rate since November 2021, and aligned with market expectations. The decline was driven by a drop of 10,200 in the number of unemployed people, bringing the total to 649,600. Among them, those seeking full-time jobs fell by 400 to 440,500, while those looking for part-time jobs declined by 9,400 to 208,500. Meanwhile, employment rose by 24,500 to a record high of 14.64 million — slightly below forecasts of a 25,000 increase — following a downwardly revised gain of 1,000 in June. Full-time employment increased by 60,500 to 10.13 million, while part-time employment decreased by 35,900 to 4.52 million. The participation rate stood at 67.0%, just below the market expectation of 67.1%. The underemployment rate edged down to 5.9% from 6.0%. Additionally, total monthly hours worked across all jobs rose by 6 million to 1,987 million.