Australia's Jobless Rate Drops to 6.1%


Australia's seasonally adjusted unemployment rate decreased 0.1 percentage points to 6.1% in December of 2014 as the number of employed persons rose and the number of unemployed declined.

The number of employed persons rose by 37,400  to 11,679,400. Full-time employment increased by 41,600 persons to 8,105,300 persons while part-time employment decreased by 4,100 to 3,574,100 persons in December 2014. 

The number of unemployed persons declined by 16,200 to 759,200. The number of unemployed persons looking for full-time work increased 6,000 to 551,500 and the number of unemployed persons only looking for part-time work decreased 22,300 to 207,700.

The employment to population ratio, which expresses the number of employed persons as a percentage of the civilian population aged 15 years and over, increased 0.1 percentage points to 60.8 percent.

The participation rate increased less than 0.1 percentage points to 64.8%. 

Aggregate monthly hours worked decreased 7.7 million hours (0.5 percent) to 1,597.8 million hours.

ABS | anna@tradingeconomics.com
1/15/2015 12:57:20 AM