Australia Jobless Rate Unchanged at 5%, Matches Estimates


Australia's seasonally adjusted unemployment rate stood at 5 percent in January 2019, the same as in the prior month and matching market expectations. The economy added 39,100 jobs while the number of unemployed went up by 6,600.

The number of unemployed increased by 6,600 to 673,500 in January. People looking for full-time work rose by 2,700 to 461,600, and those looking for only part-time work rose 3,900 to 211,900 thousand. Male unemployment declined 3,100 and female unemployment increased 9.700.

Employment advanced 39,100 to 12,751,800, easily beating market consensus of an increase of 15,000 and after a downwardly revised 16,900 gain in December. Full-time employed persons rose 65,400 to 8,743,100, while part-time employed persons fell 26,300 to 4,008,700.

The participation rate edged up 0.1 points from a month earlier to 65.7 percent, slightly above forecasts of 65.6 percent. Meantime, the employment to population ratio went up 0.1 percentage points to 62.4 percent.

The underemployment rate dropped 0.2 points to 8.1 percent in January 

Seasonally adjusted monthly hours worked in all jobs increased by 6.6 million hours, or 0.4 percent, to 1,766.4 million hours.

Australia Jobless Rate Unchanged at 5%, Matches Estimates


ABS l Rida Husna | rida@tradingeconomics.com
2/21/2019 11:20:44 AM