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


Recent Releases

Australia Jobless Rate Down Slightly to 5.6% in July
Australia's seasonally adjusted unemployment rate fell to 5.6 percent in July of 2017 from an upwardly revised 5.7 percent in a month earlier and matching market estimates. The economy added 27,900 jobs while the number of unemployed increased by 1,100.
Published on 2017-08-17

Australia Jobless Rate Steady At 7-Month Low of 5.6% In June
Australia's seasonally adjusted unemployment rate remained unchanged at 5.6 percent in June of 2017 from an upwardly revised 5.6 percent in May and consistent with market estimates. The jobless rate remained at its lowest level since October 2016, as the economy added 14,000 jobs while the number of unemployed increased by 13,100.
Published on 2017-07-20

Australia Jobless Rate Down To 51-Month Low Of 5.5%
Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.5 percent in May of 2017 from 5.7 percent in April and below market estimates of 5.7 percent. It was the lowest jobless rate since February 2013, as the economy added 42,000 jobs while the number of unemployed declined by 18,600.
Published on 2017-06-15

Australia Jobless Rate Down To 3-Month Low of 5.7%
Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.7 percent in April of 2017 from 5.9 percent in March and below market estimates of 5.9 percent. It was the lowest jobless rate since January, as the economy added 37,400 jobs while the number of unemployed declined by 19,100.
Published on 2017-05-18