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Unemployment in Australia reached 5.7% in June, an increase of +11.9% when compared with June 2012, and its highest level since September 2009, according to the latest figures from the Australian Bureau of Statistics. In June 2013, 699,700 people were unemployed across Australia.
Economists surveyed by Bloomberg had predicted that unemployment would reach 5.6% in June 2013; however figures for May were revised upward from 5.5% to 5.6%.
Unemployment levels increased in almost every state and territory, year-on-year. The sharpest increases were in Tasmania, where unemployment rose +1.8% from June 2012 to 8.9% in June 2013, and in the Northern Territories, where unemployment rose +1.3 to 5.3% during the same period. Tasmania currently has the highest regional level of unemployment.
Despite an increase of 0.1% year-on-year, the Australian Capital Territory (ACT) recorded a fall in unemployment between May and June of -0.2%, and currently has the lowest level of regional unemployment with 3.7%.
New South Wales and South Australia bucked the trend, year-on-year, with slight decreases in unemployment levels of -0.3% and -0.4% respectively. New South Wales unemployment also fell 0.1% month-on-month between May and June to 5.4%.
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