Australia Unemployment January 2017

Australia

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%).

FocusEconomics panelists expect the unemployment rate to average 5.6% in 2017, which is unchanged from last month’s forecast. In 2018, the panel expects the unemployment rate to be 5.4%.


Author:, Economist

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Australia Unemployment January 2017

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


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