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Australia – Unemployment rate holds steady and almost 50,000 new jobs

AUSTRALIA’S jobs market roared back to life in February, generating almost 50,000 new jobs, more than enough to offset announced high-profile losses at Qantas, Alcoa, Holden and Toyota. Capture d’écran 2014-03-13 à 08.52.28

An increase in the number of people looking for work helped keep the national unemployment rate unchanged at 6 per cent for the second month in a row – the participation rate rose from a near eight-year low of 64.6 per cent to 64.8 per cent.

While part-time work retreated since January the number of full-time jobs surged by 80,000 to 8.05 million, bringing the total number of Australians in work for more than one hour a week to 11.53 million, a record high thanks also to a continually rising population.

Chosen excerpts by Job Market Monitor. Read the whole story at  Unemployment rate holds steady as job creation soars | The Australian.

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