The unemployment rate in Australia came in at a seasonally adjusted 5.8 percent in February, the Australian Bureau of Statistics said on Thursday.
That was well below forecasts for 6.3 percent and down sharply from 6.4 percent in January.
The Australian [economy][1] added 88,700 jobs last month - blowing away expectations for an increase of 30,000 following the increase of 29,100 in the previous month.
The participation rate came in at 66.1 percent - unchanged from the previous month but shy of expectations for 66.2 percent.
For comments and feedback contact: editorial@rttnews.com
[Economic News][1]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][2] to check out our [Econ Scorecard][2] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/industrial-production/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx