Australia Jobless Rate Down to 5.8%, Less than Expected

Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.8 percent in February of 2016 from 6.0 percent a month earlier and below market consensus. The economy added 300 jobs and the number of unemployed decreased by 27,300.
ABS l Rida Husna | rida@tradingeconomics.com 3/17/2016 12:56:58 AM
The seasonally adjusted labour force participation rate stood at 64.9  percent, down 0.2 percentage points from the preceding month.

Employment rose to 11,884,000: full-time employment increased 15,900 to 8,192,600 and part-time employment decreased by 15,600 to 3,691,500.

Unemployment decreased to 732,600. The number of unemployed persons looking for full-time work decreased by 18,200 to 525,200 and the number of unemployed persons only looking for part-time work decreased by 9,100 to 207,400.

Seasonally adjusted aggregate monthly hours worked in all jobs decreased 2.0 million hours to 1,652.6 million hours.

Australia Jobless Rate Down to 5.8%, Less than Expected