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%.
Full Time Unemployment rates, by State: February 2013
Rate – State
5.36% New South Wales
6.42% South Australia
4.92% Western Australia
4.41% Northern Territory
3.86% Australian Capital Territory
- www.abs.gov.au 6202.0 – Labour Force, Australia, Feb 2013