Unemployment jumps back up to 5% despite strong job growth

Australia's unemployment rate has edged back up to 5 per cent, despite another strong month of job creation. In trend terms, the unemployment rate has now held steady at 5 per cent for five months.

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بلغ معدل البطالة في شباط - فبراير الماضي 4,9 % في البلاد Source: AAP

Australia's unemployment rate has edged back up to 5 per cent, despite another strong month of job creation.

In trend terms, the unemployment rate has now held steady at 5 per cent for five months.

The good news in the figures was the bulk of the jobs were full-time positions.

Full-time work increased by 48,300, while 22,600 part-time jobs were lost.

However, the less positive news was the key measures of slackness in the workforce remain largely unchanged, meaning there is little in way of pressure to lift wages in the figures.

 


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By Hachem El-Haddad
Source: ABC Australia

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