Australia Unemployment February 2016

Australia

Australia: Unemployment rate falls in February

March 17, 2016

In February, the labor market gained 300 jobs compared to the previous month, in seasonally-adjusted terms. The increase was a drastic improvement over January’s 7,400 jobs lost. Although it was a sizable improvement from January’s figure, the number of new positions undershot market expectations by a striking 9,700 jobs. February’s result was driven by an increase in the number of full-time jobs, and a decrease in the number of part-time jobs. The number of part-time positions fell by 15,600 jobs (January: 32,900 jobs), while the number of full-time positions grew by 15,900 jobs (January: -40,300 jobs).

The labor market participation rate fell from 65.1% in January to 64.9% in February. The unemployment rate inched down from 6.0% in January to 5.8% in February.

FocusEconomics panelists expect the unemployment rate to average 5.7% in 2016, which is unchanged from last month’s forecast. In 2017, the panel expects that the unemployment rate also will be 5.7%.


Author:, Economist

Sample Report

Looking for forecasts related to Unemployment in Australia? Download a sample report now.

Download

Australia Unemployment Chart


Australia Unemployment February 2016 0

Note: Seasonally-adjusted unemployment rate in % and new jobs in thousands.
Source: Australian Bureau of Statistics.


Australia Economic News

More news

Search form