Australia: Unemployment steady in January
February 7, 2013
In January, the labour market added 10,400 jobs over the previous month in seasonally adjusted terms. The figure contrasted the 3,800 decrease recorded in December (previously reported: -5,500) but was above market expectations that had the economy adding 6,000 new jobs. The reading was driven by a strong rise in part-time jobs (+20,200), which more than offset a drop in full-time positions (-9,800).
Meanwhile, the number of total job seekers rose by 2,000 persons in January (December: +17,800). As a result of the more moderate increase, the unemployment rate was unchanged at December's 5.4%, which was down from the 5.5% expected by the market.
Author: Armando Ciccarelli, Head of Data Solutions