In February, the economy shed 10,000 jobs in seasonally-adjusted terms, the first decline since August 2009. The decline reflected a significant cut in part-time jobs (-58,000), offset to a large extent by the addition of 48,000 full-time positions. The number of total job seekers remained virtually unchanged in February after rising moderately the previous month. As a consequence, the unemployment rate was unchanged at January's 5.0%.
Unemployment rate steady in February
March 10, 2011
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Australia Economic News
October 12, 2016
The Westpac-Melbourne Institute Survey of Consumer Sentiment increased 1.1% in October as the index rose from September’s 101.4 to 102.4.
October 11, 2016
The business confidence index published by the National Australia Bank (NAB) was stable in September at August’s 6 points.
October 5, 2016
Nominal retail sales inched up 0.4% in August from the previous month in seasonally-adjusted terms, up from July’s flat reading.
October 4, 2016
At its 4 October monetary policy meeting, the Reserve Bank of Australia (RBA) kept its policy rate steady at an all-time low of 1.50% after cutting its rate by 25 basis points twice this year, once in May and once in August.
September 15, 2016
The labor market lost 3,900 net new jobs in August compared to the previous month in seasonally-adjusted terms.