Australia Unemployment

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Australia: Unemployment rate inches down from over-twelve-year high in February

March 12, 2015

In February, the labor market gained 15,600 jobs compared to the previous month in seasonally-adjusted terms, which contrasted the 14,600 jobs lost in January (previously reported: -12,200). The figure came in slightly above market expectations of a 15,000 gain. The increase was driven by a 10,300 increase in the number of new full-time positions, as well as a 5,300 rise in the number of new part-time positions.

Labor market participation ticked down from January’s 64.7% to 64.6% in February. As a result of the job gains, the unemployment rate inched down from January’s 6.4% to 6.3%.

FocusEconomics panelists expect the unemployment rate to average 6.0% in 2015, which is unchanged from last month’s forecast. In 2016, the panel expects the unemployment rate to inch down to 5.8%.


Author:, Economist

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Australia Unemployment Chart


Australia Unemployment February 2015 0

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


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