logo
Plus   Neg
Share
Email

Australia Jobless Rate Eases To 5.5% In January

The unemployment rate in Australia came in at a seasonally adjusted 5.5 percent in January, the Australian Bureau of Statistics said on Thursday.

That was in line with expectations following the upwardly revised 5.6 percent reading in December (originally 5.5 percent).

The Australian economy added 16,000 jobs last month - beating forecasts for 15,000 following the downwardly revised 33,500 increase in the previous month (originally 34,700).

The participation rate came in at 65.6 percent - matching expectations and down from 65.7 percent a month earlier.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT