Australia Unemployment Rate

Australia’s seasonally adjusted unemployment rate fell to 5.7 percent in January of 2017 from 5.8 percent in December while markets expected 5.8 percent. The labor force participation rate dropped slightly while the number of unemployed decreased by 19,300. Unemployment Rate in Australia averaged 6.92 percent from 1978 until 2017, reaching an all time high of 11.10 percent in October of 1992 and a record low of 4 percent in February of 2008.

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Australia Jobless Rate Down To 5.7% In January

Australia’s seasonally adjusted unemployment rate fell to 5.7 percent in January of 2017 from 5.8 percent in December while markets expected 5.8 percent. The labor force participation rate dropped slightly while the number of unemployed decreased by 19,300.

In January, the seasonally adjusted labour force participation rate came in at 64.6 percent, compared to 64.7 percent in the prior month and slightly less than estimates of 64.7 percent.

Employment increased by 13,500 to 11,998,200 and higher than markets consensus of 10,000 : full-time employment decreased 44,800 to 8,125,700 and part-time employment increased by 58,300 to 3,872,500.

Unemployment decreased 19,300 to 720,200. The number of unemployed persons looking for full-time work decreased 16,000 to 511,000 and the number of unemployed persons only looking for part-time work decreased by 3,300 to 209,200.

Seasonally adjusted aggregate monthly hours worked in all jobs increased 10.2 million hours to 1,682.7 million hours.

ABS | Rida Husna | rida@tradingeconomics.com
2/16/2017 11:09:24 AM

Australia Unemployment Rate

In Australia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides – Australia Unemployment Rate at 5.8% in December – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Unemployment Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.

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