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Mar 24 2013

Unemployment in Australia February 2013


The Australian Unemployment rate for February 2013 increased by only 0.1% this month, going up to 660,000 unemployed, with 470,300 of those looking for Full Time work, and 189,700 looking for Part Time work.

FEBRUARY KEY POINTS

TREND ESTIMATES (MONTHLY CHANGE)

  • Employment increased to 11,588,700.
  • Unemployment increased to 660,000.
  • Unemployment rate remained steady at 5.4%.
  • Participation rate steady at 65.1% from a revised January 2013 estimate.
  • Aggregate monthly hours worked increased to 1,627.3 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

  • Employment increased 71,500 (0.6%) to 11,628,300.
    • Full-time employment increased 17,800 to 8,117,400.
    • Part-time employment increased 53,700 to 3,510,800.
  • Unemployment increased 400 (0.1%) to 660,000.
    • The number of persons looking for full-time work increased 200 to 470,300
    • The number of persons looking for part-time work increased 200 to 189,700.
  • The unemployment rate remained steady at 5.4%.
  • The participation rate increased 0.3 pts to 65.3%.
  • Aggregate monthly hours worked increased 11.3 million hours to 1,632.8 million hours.

LABOUR UNDERUTILISATION (QUARTERLY CHANGE)

  • Trend estimates: The labour force underutilisation rate remained steady at 12.5%.
  • Seasonally adjusted estimates:
    • The labour force underutilisation rate remained steady at 12.5 %.
    • The male labour force underutilisation rate increased 0.1 pts to 10.8%.
    • The female labour force underutilisation rate decreased 0.1 pts to 14.6%.

Unemployment Rate
Australian Unemployment Rate

Full Time Unemployment rates, by State: February 2013

Male
Rate – State
5.36% New South Wales
4.91% Victoria
6.67% Queensland
6.42% South Australia
4.92% Western Australia
7.73% Tasmania
4.41% Northern Territory
3.86% Australian Capital Territory
5.55% Australia

Source:






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