Jobless rate down

There has been a slght drop in the seasonally adjusted unemployment rate in January, down 0.2 per cent.

centrelink_file_0705_B_AAP_1186363399
Australia's unemployment rate was a seasonally adjusted 5.3 per cent in January, compared with an unrevised 5.5 per cent in December, the Australian Bureau of Statistics (ABS) said on Thursday.

Total employment rose by 52,700 to 10.966 million in January, seasonally adjusted.

Full-time employment rose by 15,900 to 7.652 million in the month and part-time employment was up by 36,900 to 3.314 million.

The participation rate in January was 65.3 per cent, unchanged from December.

The median market forecast was for total employment to have risen by 15,000 in January, an unemployment rate of 5.6 per cent and a participation rate of 65.2 per cent.



Share

1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world