Australia – Unemployment steady at 5.8 per cent and full-time jobs added

Australia’s unemployment rate has held steady at 5.8 per cent, with the estimated addition of 14,200 jobs. 

The result defied economist expectations of a small tick up in unemployment to 5.9 per cent, with most having expected a payback after a large decline in the jobless rate last month.

However, the Bureau of Statistics figures estimate that 14,200 full-time jobs were created last month, with no part-time jobs lost, leaving unemployment steady at 5.8 per cent, seasonally adjusted.

The more stable trend figures, which smooth out volatility, also had unemployment steady but at 5.9 per cent.

Chosen excerpts by Job Market Monitor. Read the whole story at  Unemployment steady at 5.8 per cent as full-time jobs added – ABC News (Australian Broadcasting Corporation).