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Unemployment hits gloomy high

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Australia’s unemployment rate has risen slightly to 5.3 per cent in official figures for January.


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Updated

By Stergos Kastelloriou

Source: SBS




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Australia’s unemployment rate has risen slightly to 5.3 per cent in official figures for January.


The Australian Bureau of Statistics reported on Thursday the 0.2 percentage point rise came on the back of 29,000 jobs created over the month, with the participation rate remaining steady at 66 per cent.

Full-time employment increased by 46,200 and part-time employment decreased by 32,700, while unemployment increased by 31,000.


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