Australia: Unemployment rate steady in February
March 10, 2011
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%.
Author: Armando Ciccarelli, Head of Data Solutions