Economic Buzz: Australia unemployment rate edges lower in July

Australia's unemployment rate improved in July, edging lower to 4.2 per cent from 4.3 per cent in June, according to the latest figures from the Bureau of Statistics.

Employment increased by nearly 25,000 people, driven by 60,000 full-time jobs, and the number of unemployed people also fell in the month.

The ABS noted that female workforce participation hit a record high last month, as the number of full-time female workers grew by 40,000.

The overall participation rate, which is the proportion of people in work or looking for a job, remained steady at 67 per cent.

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