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12 Mar 2015
Australian jobs met expectations, participation rate slides
FXStreet (Bali) - Australia's employment figures came in line with expectations, providing little surprises. While full time employment rose by 10.3k, part time did so by 5.3k, adding to a total employment change for February of +15.6k, with the jobless rate at 6.3 (as expected), with the only disappointing bit of data being participation rate, down at 64.6% vs 64.8%.
Feb key points
TREND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,654,000 from a revised January 2015 estimate. Unemployment increased to 781,600 from a revised January 2015 estimate. Unemployment rate remained steady at 6.3%. Participation rate remained steady at 64.7%. Aggregate monthly hours worked increased 3.1 million hours to 1,611.0 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment increased 15,600 to 11,652,400 from a revised January 2015 estimate. Full-time employment increased 10,300 to 8,062,000 and part-time employment increased 5,300 to 3,590,400 from a revised January 2015 estimate. Unemployment decreased 15,800 to 777,300. The number of unemployed persons looking for full-time work increased 2,800 to 553,000 and the number of unemployed persons only looking for part-time work decreased 18,600 to 224,300. Unemployment rate decreased 0.1 pts to 6.3%. Participation rate decreased 0.1 pts to 64.6% from a revised January 2015 estimate. Aggregate monthly hours worked increased 13.0 million hours (0.8%) to 1 ,620.8 million hours.
LABOUR UNDERUTILISATION (QUARTERLY CHANGE): Trend estimates: The labour force underutilisation rate increased 0.3 pts to 15.1%. Seasonally adjusted estimates: The labour force underutilisation rate decreased 0.1 pts to 14.9%. The male labour force underutilisation rate remained steady at 13.1%. The female labour force underutilisation rate decreased 0.1 pts to 17.1%.
Feb key points
TREND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,654,000 from a revised January 2015 estimate. Unemployment increased to 781,600 from a revised January 2015 estimate. Unemployment rate remained steady at 6.3%. Participation rate remained steady at 64.7%. Aggregate monthly hours worked increased 3.1 million hours to 1,611.0 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment increased 15,600 to 11,652,400 from a revised January 2015 estimate. Full-time employment increased 10,300 to 8,062,000 and part-time employment increased 5,300 to 3,590,400 from a revised January 2015 estimate. Unemployment decreased 15,800 to 777,300. The number of unemployed persons looking for full-time work increased 2,800 to 553,000 and the number of unemployed persons only looking for part-time work decreased 18,600 to 224,300. Unemployment rate decreased 0.1 pts to 6.3%. Participation rate decreased 0.1 pts to 64.6% from a revised January 2015 estimate. Aggregate monthly hours worked increased 13.0 million hours (0.8%) to 1 ,620.8 million hours.
LABOUR UNDERUTILISATION (QUARTERLY CHANGE): Trend estimates: The labour force underutilisation rate increased 0.3 pts to 15.1%. Seasonally adjusted estimates: The labour force underutilisation rate decreased 0.1 pts to 14.9%. The male labour force underutilisation rate remained steady at 13.1%. The female labour force underutilisation rate decreased 0.1 pts to 17.1%.