February Unemployment Drops Drastically

The unemployment figures are welcomed in WA today, as the Seasonally Adjusted unemployment rate has dropped from 6.9% to 5.9% in February. Decreases were also observed in Queensland, South Australia and Tasmania.

UNEMPLOYMENT RATE, STATES AND TERRITORIES

Other key figures:

• Employment increased 4,600 to 12,763,400 persons. Full-time employment decreased 7,300 to 8,742,700 persons and part-time employment increased 11,900 to 4,020,700 persons.

• Unemployment decreased 11,700 to 664,300 persons.

• Unemployment rate decreased 0.1 pts to 4.9%.

• Participation rate decreased 0.2 pts to 65.6%.

• Monthly hours worked in all jobs increased 3.1 million hours to 1769.9 million hours.

SOURCE: http://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/6202.0Main%20Features1Feb%202019?opendocument&tabname=Summary&prodno=6202.0&issue=Feb%202019&num=&view=