11 February 2010

South Australia posts lowest unemployment rate in Australia

The Australian unemployment rate was at 5.3 per cent in January, with the state of South Australia posting the lowest unemployment rate overall, new Australian Bureau of Statistics (ABS) figures show.

Australian economy

The Australian unemployment rate has fallen for the third consecutive month, fueling increased optimism in the Australian economy.

The number of people employed in January increased by 52,700 to 10.966 million, seasonally adjusted, the ABS reported, in what is the largest rise in employment since December 2006.

The increase in employment has been driven by a rise in part-time employment, up 36,900 persons to 3.314 million, combined with a rise in full-time employment, up 15,900 persons to 7.652 million.

This is the third consecutive month that Australia has seen a decrease in the number of unemployed people, and is a positive indication that the Australian economy is continuing to perform well.

South Australia recorded a 0.8 per cent drop in unemployed persons to post the lowest unemployment rate of 4.4 per cent in January, followed closely by Western Australia with an unemployment rate of 5 per cent.

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