Australia Unemployment Rate Falls To 6.4%

The jobless rate in Australia came in at a seasonally adjusted 6.4 percent in January, the Australian Bureau of Statistics said on Thursday.

That was beneath expectations for 6.5 percent and down from 6.6 percent in December.

The Australian [economy][1] added 29,100 jobs last month - shy of forecasts for 40,000 new jobs after gaining 50,000 jobs in the previous month.

The participation rate came in at 66.1 percent, missing expectations for 66.2 percent - which would have been unchanged from the December reading.

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