Australia Jobless Rate Ticks Up To 4.1% In January

(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in January, the Australian Bureau of Statistics said on Thursday - in line with expectations and up from 4.0 percent in December.

The Australian economy added 44,000 jobs last month to 14,634,300, exceeding expectations for an increase of 19.400 jobs following the increase of 56,300 jobs in the previous month.

Full-time employment increased by 54,100 to 10,092,800 people, while part-time employment decreased by 10,100 to 4,541,500 people.

The participation rate climbed to 67.3 percent, beating forecasts for 67.1 percent - which would have been unchanged.