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Jobless rate down

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

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Source: AAP


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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.

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