Australia Jobless Rate at 30-Month Low


Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.7 percent in March of 2016 from 5.8 percent in February and below market consensus of 5.9 percent. It is the lowest jobless rate since September 2013 as the economy added 26,100 jobs and the number of unemployed decreased by 7,300.

The seasonally adjusted labour force participation rate stood at 64.9  percent, unchanged from the preceding month.

Employment rose to 11,909,600: full-time employment decreased 8,800 to 8,180,400 and part-time employment increased by 34,900 to 3,729,200.

Unemployment decreased to 723,100. The number of unemployed persons looking for full-time work decreased by 7,900 to 515,900 and the number of unemployed persons only looking for part-time work decreased by 1,800 to 208,400.

Seasonally adjusted aggregate monthly hours worked in all jobs decreased 17.5 million hours to 1,632.3 million hours.

ABS l Rida Husna | rida@tradingeconomics.com
4/14/2016 3:14:28 AM