Australia's Unemployment Rate Down to 5.1% in January

Australia's seasonally adjusted unemployment rate decreased 0.1 percentage points to 5.1 per cent in January, as announced by the Australian Bureau of Statistics (ABS)., ABS 2/16/2012 1:14:57 PM

The ABS reported the number of people employed increased by 46,300 to 11,463,900 in January. The increase in employment was driven by increased part-time employment, up 34,000 people to 3,400,800, and an increase in full-time employment, up 12,300 people to 8,063,100. The increase in seasonally adjusted part-time was driven by an increase in female part-time employment whereas the increase full time employment was driven by an increase in male full-time employment.

The number of people unemployed decreased by 15,300 people to 614,200 in January, the ABS reported.

The ABS monthly aggregate hours worked series showed a decrease in January, down 23.1 million hours to 1,593.9 million hours.

The ABS reported an increase in the labour force participation rate of 0.1 percentage points in January to 65.3 per cent.