Market news
15.02.2018, 07:13

Australian unemployment rate stable at 5.5% in January

Australia's female labour force participation rate reached an historic high of 60.5 per cent in January 2018, while the overall participation rate of 65.6 per cent in January was the highest since February 2011, according to latest figures released by the Australian Bureau of Statistics (ABS) today.

Program Manager for the ABS Labour and Income Branch Bjorn Jarvis said the trend unemployment rate for January remained steady at 5.5 per cent, where it has hovered for the past seven months.

"Australia's labour force participation rate continues to strengthen, reaching a new high for females in January and a seven-year high overall," Mr Jarvis said.

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