• Australian unemployment rate up 0.2% in February

Market news

16 March 2017

Australian unemployment rate up 0.2% in February

Trend estimates (monthly change):

  • Employment increased 11,600 to 12,005,000.

  • Unemployment increased 5,200 to 738,900.

  • Unemployment rate remained steady at 5.8% following a revised January 2017 estimate.

  • Participation rate remained steady at 64.6%.

  • Monthly hours worked in all jobs increased 1.2 million hours to 1,671.5 million hours.

Seasonally adjusted estimates (monthly change):

  • Employment decreased 6,400 to 11,998,800. Full-time employment increased 27,100 to 8,158,900 and part-time employment decreased 33,500 to 3,840,000.

  • Unemployment increased 26,000 to 748,100. The number of unemployed persons looking for full-time work increased 10,800 to 523,800 and the number of unemployed persons only looking for part-time work increased 15,100 to 224,300.

  • Unemployment rate increased 0.2 pts to 5.9%.

  • Participation rate remained steady at 64.6%.

  • Monthly hours worked in all jobs decreased 20.5 million hours to 1,661.9 million hours.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.