Australia's Jobless Rate at 4 Month-High


Australia's seasonally adjusted unemployment rate unexpectedly rose to 6.0 percent in January of 2016 from 5.8 percent a month earlier and missing market consensus. It is the highest figure since September 2015, as the economy lost 7,900 jobs and the number of unemployed increased by 30,200.

The seasonally adjusted labour force participation rate stood at 65.2  percent, unchanged from the preceding month.

Employment fell to 11,894,500: full-time employment decreased 40,600 to 8,185,800 and part-time employment increased by 32,700 to 3,708,700.

Unemployment increased by 30,200 to 761,400. The number of unemployed persons looking for full-time work increased by 25,600 to 544,100 and the number of unemployed persons only looking for part-time work increased by 4,600 to 217,300.

Seasonally adjusted aggregate monthly hours worked in all jobs increased 10.9 million hours to 1,656.0 million hours.

ABSl Rida Husna | rida@tradingeconomics.com
2/18/2016 1:27:50 AM