Australia's unemployment rate jumped to a seasonally-adjusted 7.4 per cent in June, with 69,300 jobs lost during the month.
Economists had, on average, expected the unemployment rate to jump to 7.3 per cent with about 100,000 jobs added in the month.
The Australian dollar slipped on the news, from 70.03 US cents just ahead of the release of data. By 1200 AEST, it was trading at 69.92 US cents. ABS data showed the participation rate - or the percentage of people looking for work, rose by 1.3 percentage points to 64 per cent, reflecting the gradual recovery in job market conditions.The underemployment rate slipped 1.4 percentage points to 11.7 per cent and the under-utilisation rate - or the rate of people looking for more working hours - decreased 1.0 percentage points to 19.1 per cent.
All states and territories, except the Northern Territory recorded an increase in employment during the month. South Australia had an unemployment rate of 8.8 per cent, followed by Western Australia at 8.7 per cent, while Queensland recorded 7.7 per cent.
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