Australia: Unemployment rate inches down in January
February 16, 2017
Seasonally-adjusted employment increased by 13,500 people in January compared to the previous month and was down from the 16,300 new jobs created in December. January’s figure came in above analysts’ expectations of an increase in employment of 10,000 people. The rise in employment reflects an increase in part-time positions of 58,300 in January (December: 5,100), while the number of full-time positions fell by 44,800 in the same month, contrasting the 11,300 new positions created in December.
The labor market participation rate barely inched down from 64.7% in December to 64.6% in January. The unemployment rate in January ticked down marginally, falling to 5.7% (December: 5.8%).
Author: Christopher Mc Innes, Economist