Australia Jobless Rate Down to 5.8%, Less than Expected


Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.8 percent in February of 2016 from 6.0 percent a month earlier and below market consensus. The economy added 300 jobs and the number of unemployed decreased by 27,300.

The seasonally adjusted labour force participation rate stood at 64.9  percent, down 0.2 percentage points from the preceding month.

Employment rose to 11,884,000: full-time employment increased 15,900 to 8,192,600 and part-time employment decreased by 15,600 to 3,691,500.

Unemployment decreased to 732,600. The number of unemployed persons looking for full-time work decreased by 18,200 to 525,200 and the number of unemployed persons only looking for part-time work decreased by 9,100 to 207,400.

Seasonally adjusted aggregate monthly hours worked in all jobs decreased 2.0 million hours to 1,652.6 million hours.

ABS l Rida Husna | rida@tradingeconomics.com
3/17/2016 12:56:58 AM