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- Australian unemployment rate rose 0.1% to 5.6% in February
Australian unemployment rate rose 0.1% to 5.6% in February
Trend estimates (monthly change):
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Employment increased 19,300 to 12,480,500.
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Unemployment increased 4,300 to 729,500.
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Unemployment rate remained steady at 5.5%.
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Participation rate increased by 0.1 pts to 65.7%.
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Monthly hours worked in all jobs decreased 1.4 million hours (0.1%) to 1,730.3 million hours.
Seasonally adjusted estimates (monthly change):
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Employment increased 17,500 to 12,480,500. Full-time employment increased 64,900 to 8,533,600 and part-time employment decreased 47,400 to 3,946,900.
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Unemployment increased 8,900 to 734,100. The number of unemployed persons looking for full-time work increased 13,600 to 512,900 and the number of unemployed persons only looking for part-time work decreased 4,700 to 221,200.
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Unemployment rate increased by 0.1 pts to 5.6%
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Participation rate increased by less than 0.1 pts to 65.7%.
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Monthly hours worked in all jobs increased 21.2 million hours (1.2%) to 1,734.1 million hours.
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