- Analytics
- News and Tools
- Market News
- Australia jobless rate falls more than forecast in January
Australia jobless rate falls more than forecast in January
RTTNews reports that Australian Bureau of Statistics said that the unemployment rate in Australia came in at a seasonally adjusted 6.4 percent in January. That was beneath expectations for 6.5 percent and down from 6.6 percent in December.
The Australian economy added 29,100 jobs last month to 12,939,900 - shy of forecasts for 40,000 new jobs after gaining 50,000 jobs in the previous month.
Full-time jobs added 59,000 after gaining 35,700 a month earlier. Part-time jobs lost 29,800 after adding 14,300 in the previous month.
The participation rate came in at 66.1 percent, missing expectations for 66.2 percent - which would have been unchanged from the December reading. The rate increased by 0.1 pts for men (to 71.2 percent) and decreased by 0.2 pts for women (to 61.2 percent).
Unemployed people decreased by 34,300 to 877,600 (and increased by 156,000 over the year to January 2021). The youth unemployment rate remained at 13.9 percent (and increased by 1.8 pts over the year to January 2021). Over the year to January 2021, employment decreased by 0.4 percent or 45,600 people.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
