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Financial News: Australia Unemployment Rate Rises To 5.6% In February

Australia Unemployment Rate Rises To 5.6% In February

03/21/2018 - 20:45:00 (RTTNews)

(RTTNews) - The jobless rate in Australia came in at a seasonally adjusted 5.6 percent in February, the Australian Bureau of Statistics said on Thursday.

That was above expectations for 5.5 percent, which would have been unchanged from the January reading.

The Australian economy added 18,000 jobs last month - shy of expectations for the addition of 20,000 jobs following the 16,000-job increase in the previous month.

The participation rate improved to 65.7 percent, beating expectations for 65.6 percent - which would have been unchanged.

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