Job cuts fuel increase in unemployment rate


Australia's unemployment rate jumped 0.4 percentage points to 5.2 percent in February as job losses across the country fed through to official data

Australia’s unemployment rate jumped 0.4 percentage points to 5.2 percent in February as job losses across the country fed through to official data.

The increase in the seasonally adjusted rate was fuelled by a fall in full-time employment, with 53,800 positions shed in the month, as well as a 0.2 percentage point increase in the participation rate.

Part-time employment increased by 55,600, producing an overall gain of 1,800 part-time and full-time jobs.

The male unemployment rate increased by 0.3 percentage points to 5.1 percent, and the female unemployment rate increased by 0.5 percentage points to 5.3 percent.

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