ABS Update: Unemployment rate steady

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The latest information released by the ABS shows Australia’s unemployment rate trend has remained steady in February 2019 at 5.0%

Over the year, the unemployment rate declined 0.5 percentage points, lowering the trend from 5.5% to 5.0%.

In February 2019, monthly employment increased by 20,600 persons. Full-time employment increased by 12,300 and part-time employment increased by 8,200 persons. The hours worked increased by 0.1% in February 2019 and by 1.9% over the past year.

Since February 2018, the trend employment increased by 2.3% which was above the 2.0% average annual growth over the past 20 years.

Throughout the country, the trend unemployment rate increased in Tasmania, decreased in Queensland, and remained steady in all other states and territories.

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