Australia's jobless rate at record low
March 14, 2008 00:00:00
SYDNEY, Mar 13 (AFP): Australia's unemployment rate dropped 0.2 points to a fresh 33-year low of 4.0 per cent in February, official data showed today.
The Australian Bureau of Statistics said the seasonally-adjusted unemployment rate fell from 4.2 per cent in January as the number of full-time jobs in the economy jumped.
The bureau said the number of unemployed fell by 17,800 to 456,000, while the number in employment rose by 20,600 to 10.65 million.
Full-time employment increased by 47,700 to 7.63 million, while part-time job numbers decreased 11,000 to 3.03 million.
The unemployment rate is the lowest since data was collected in its current form in 1975.
The bureau gave the seasonally-adjusted unemployment rate as 4.1 per cent in January but subsequently revised it up 0.1 points to 4.2.