WA Economic Profile for July 2018

Main updates this month

Labour market

• Western Australia’s total employment rose 1 per cent (14,101) through the year to June 2018, with a fall in full-time employment (down 1 per cent or 11,497) offset by a rise in part-time employment (up 6 per cent or 25,598).
• Western Australia’s unemployment rate of 6.1 per cent in June 2018 was below the 6.3 per cent in the previous month, but above the 5.6 per cent a year ago.
• Unemployment in Western Australia fell by 3,226 to 87,460 in June 2018.

Other

• The annual average price of iron ore fell 0.2 per cent to US$70 a tonne in 2017-18.
• Western Australia had $6.4 billion of building activity in the pipeline in the March quarter 2018, below the $7.0 billion in the same quarter of 2017.
• Perth’s median established house price fell 3 per cent to $500,000 through the year to the March quarter 2018.

 

The latest WA Economic Profile will be available on the Department of Jobs, Tourism, Science and Innovation’s websitesoon.