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The unemployment
rate continued to fall in July, reaching 4.8 percent, the
lowest figure since August 1976. Employment grew by 50,700 and
participation reached an all-time high of 65 percent. Since
WorkChoices commenced at the end of March: · There has been a
net increase in employment of almost 160,000 of which about
130,000 were full time jobs and 30,000 part time; · The number
of people unemployed has fallen by 17,500 and the unemployment
rate has fallen by 0.2 percent. · The participation rate has
increased by 0.6 percent to be at an all time high.
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