Australia Jobless Rate Steady At 5.9% In March


Australia's seasonally adjusted unemployment rate came in at 5.9 percent in March of 2017, the same as the previous month and in line with market expectations. The economy added 60.9 thousand jobs while the number of unemployed increased by 4 thousand.

In March, the seasonally adjusted labour force participation rate came in at 64.8 percent, up from 64.6 percent in the prior month and above consensus of 64.6 percent.

Employment increased by 60,900 to 12,059,600, beating market estimates of a 20,000 gain: full-time employment increased by 74,500 to 8,238,600 while part-time employment decreased 13,600 to 3,821,000.

Unemployment increased 4,000 to 753,100. The number of unemployed persons looking for full-time work increased by 2,900 to 528,600 and the number of unemployed persons only looking for part-time work increased by 1,100 to 224,500.

Seasonally adjusted aggregate monthly hours worked in all jobs increased 3.2 million hours to 1,664.2 million hours.

Statistics of Australia | Chusnul Ch Manan | chusnul@tradingeconomics.com
4/13/2017 8:51:53 AM