Australia Jobless Rate Steady at 5.6% in August

Australia's seasonally adjusted unemployment rate stood at 5.6 percent in August of 2017, the same as in a month earlier and matching market estimates. The economy added 54,200 jobs while the number of unemployed decreased by 1,100.

In August,  the seasonally adjusted labour force participation rate increased to 65.3 percent from 65.1 percent in the previous period, the highest since September 2012 and above expections of 65.1 percent.

Employment rose by 54,200 to 12,269,000, the biggest jump since October 2015 and beating estimates of a 15,000 increase: full-time employment went up by 40,100 to 8,392,300 while part-time employment increased by 14,100 to 3,876,700.

Unemployment decreased by 1,100 to 727,500. The number of unemployed persons looking for full-time work increased by 6,400 to 501,600 and the number of unemployed persons only looking for part-time work fell by 7,500 to 225,900.

Seasonally adjusted aggregate monthly hours worked in all jobs increased 6.1 million hours (0.4 percent) to 1,705.4 million hours. Meantime, the seasonally adjusted employment to population ratio increased to 61.6 percent from 61.4 percent in July.

Australia Jobless Rate Steady at 5.6% in August

ABS l Rida Husna |
9/14/2017 4:56:08 AM