Australian Unemployment Rate for February 2014
The unemployment rate for February 2014 varied between 3.4% and 8% depending on what State you lived in and what Sex you are.
- The 3.4% Unemployment rate is for Males or Females in ACT.
- The 8.0% Unemployment rate is for Males in Tasmania.
Full Time Employment INCREASED by 80,500 to 8,049,900 people in February 2014, while the numbers of Part Time workers reduced by 33,300.
ABS Media release March 2014:
Australia’s seasonally adjusted unemployment rate increased by 0.1 percentage points but the rounded estimate remained at 6.0 per cent in February, as announced by the Australian Bureau of Statistics (ABS) on 13th March 2014
The ABS reported the number of people employed increased by 47,300 to 11,530,800 in February. The increase in employment was due to increased full-time employment, up 80,500 people to 8,049,900, offset by decreased part-time employment, down 33,300 to 3,480,900. The increase in total employment was driven by increases in male and female full-time employment and male part-time employment.
The number of people unemployed increased by 9,800 people to 742,200 in February, the ABS reported.
The ABS monthly seasonally adjusted aggregate hours worked series decreased in February, down 14.0 million hours to 1,608.9 million hours.
The ABS reported the seasonally adjusted labour force participation rate increased by 0.2 percentage points to 64.8 per cent in February.
The seasonally adjusted underemployment rate was 7.4 per cent in February 2014. Combined with the unemployment rate of 6.0 per cent, the latest seasonally adjusted estimate of total labour force underutilisation was 13.5 per cent in February, based on unrounded estimates.
Seasonally Adjusted Unemployment Rates per Australian State
|February 2014||Highest since 1978||Lowest since 1978|
Data Source: Australian Bureau of Statistics: 6202.0 – Labour Force, Australia