Australia's Unemployment Rate Unchanged in February

The Australian unemployment rate stood unchanged at 5.0 per cent seasonally adjusted in February, as announced by the Australian Bureau of Statistics (ABS) on March 10., Australian Bureau of Statistics 3/10/2011 10:56:49 AM

The ABS reported the number of people employed decreased by 10,100 to 11.413 million in February. The decrease in employment was driven by a decrease in part-time employment, down 57,700 people to 3.344 million that was partially offset by an increase in full-time employment, up 47,600 people to 8.068 million.

The number of people unemployed decreased by 500 people to 604,800 in February.

The ABS monthly aggregate hours worked series showed an increase in February, up 17.9 million hours to 1,602.0 million hours.

The ABS reported labour force participation in February of 65.7 per cent, a decrease of 0.1 percentage points from January.