Sunday, October 26, 2014   

Australia joblessness remains high
(03-13 10:26)

Australia's unemployment rate was steady at 6 percent, its highest level in a decade, for the second straight month in February despite a better-than-expected rise in full-time positions, data showed Thursday.
The Australian Bureau of Statistics said the seasonally-adjusted unemployment rate increased by 0.1 percentage point, but the rounded estimate remained at 6 percent.
The figures show that the number of people employed increased by 47,300 to 11,530,800 over the month, but strong growth in full-time positions was offset by falls in part-time workers.
“Full-time employment increased 80,500 to 8,049,900 and part-time employment decreased 33,300 to 3,480,900,'' the bureau said.
The jobless rate swelled from 5.8 to 6 percent in January, reaching its highest point since the global financial crisis, when it peaked at 5.8 percent, and its worst level since July 2003.
   
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