Unemployment rate steady at 5.4 per cent
Unemployment has remained steady at 5.4 per cent in January, according to statistics released by the Australian Bureau of Statistics (ABS).
The ABS reported that the number of people employed has increased by 10,400 to 11,549,100 in January. The increase in employment was driven by increased part-time employment, up 20,200 people to 3,450,700 and was offset by decreased full-time employment, down 9,800 to 8,098,400 people. The increase in total employment was mainly driven by an increase in female part-time employment.
The number of people unemployed increased by 2,000 people to 659,600 in January, the ABS reported.
The ABS monthly seasonally adjusted aggregate hours worked series showed a decrease in January, down 3.9 million hours to 1,619.7 million hours.
The ABS reported a seasonally adjusted labour force participation rate decrease of 0.1 percentage points to 65.0 per cent in January.
The full set of statistics can be found here