Australian labour market worsens significantly in January

Ivan Delgado Independent Analyst

FXStreet (Bali) - Australian job figures for the month of January came worse-than-expected, with the total employment change at -12.2k. Full time employment came at -28.1k, part time at +15.7k. The unemployment rate stood at 6.4% in January vs 6.2% in Dec, with participation rate at 64.8%.

Jan key figures

TREND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,666,000. Unemployment increased to 782,300. Unemployment rate remained steady at 6.3% from a revised December 2014 estimate. Participation rate remained steady at 64.7%. Aggregate monthly hours worked increased 0.7 million hours to 1,604.4 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment decreased 12,200 to 11,668,700. Full-time employment decreased 28,100 to 8,078,000 and part-time employment increased 15,900 to 3,590,700. Unemployment increased 34,500 to 795,200. The number of unemployed persons looking for full-time work increased 200 to 551,800 and the number of unemployed persons only looking for part-time work increased 34,300 to 243,400. Unemployment rate increased 0.3 pts to 6.4%. Participation rate remained steady at 64.8%. Aggregate monthly hours worked increased 8.2 million hours (0.5%) to 1 ,607.6 million hours.

Author

Ivan Delgado

Independent Analyst

Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.

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