Unemployment rate falls to 5.1 percent

ABS data shows Australia's unemployment rate fell to 5.1 percent in August as 30,900 people joined the workforce

September 9, 2010

Australia's unemployment rate decreased 0.2 percentage points to 5.1 percent in August, according to new figures out today.

As reported by the Australian Bureau of Statistics, the number of people employed increased by 30,900 to 11.272 million (seasonally adjusted) over the month.

The rise in employment was driven by an increase in full-time employment, up 53,100 people to 7.920 million.

This was partially offset by a decrease in part-time employment, down 22,100 people to 3.352 million.

According to the ABS, the number of people unemployed Australia-wide decreased by 22,500 people to 607,700 in August.

Meanwhile, the seasonally adjusted monthly aggregate hours worked series showed a rise in August, up 14.8 million hours to 1,594.1 million hours.

The participation rate in August decreased 0.1 percentage point to 65.4 percent.

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