Unemployment rises to 6 per cent in February following 7,900 January job losses
In Australia, unemployment has risen unexpectedly to 6 per cent after an estimated 7,900 full time jobs were lost in January.
According to an ABC News report, the result came as a surprise to most analysts, who had been expecting recent positive trends in jobs growth to continue. The previous two months had shown positive growth.
A Reuters survey of 19 economists showed that the typical forecast was for unemployment to stay steady at 5.8 per cent and 15,000 jobs to have been added last month.
The worst feature of today’s figures was a 40,600-strong decrease in full-time employment, partly offset by an increase in part-time jobs of 32,700.
The participation rate – which measures the proportion of the adult population in work or looking for it – remained steady at 65.2 per cent. To read the article in full CLICK HERE.
The Australian Long-Term Unemployment Conference was held on the 9 – 10 November 2015 at Pullman Melbourne on the Park.
The Conference theme ‘Employment Pathways’ focused on improving transitions for job seekers to help them achieve positive outcomes. For the long-term unemployed there are barriers to employment that need close examination and dialogue. A focus on job creation now and in the future is fundamental to Australia’s capability and stability. The Conference dates, location and venue for 2016 will be announced in the coming months.