Xinhua Finance Sydney, February 15 (Reporter Li Xiaoyu) Data released by the Australian Bureau of Statistics on the 15th showed that the country's unemployment rate in January increased from 39% to 41%。At the same time, the trend unemployment rate remains at 39%。
Seasonally adjusted for December, the number of people employed in Australia rose by about 500 to 1,420 in January, the data showed130,000 people, while the year-on-year increase was about 26%。The number of unemployed people rose by about 3 month-on-month in January9% to 60060,000 people. The number of monthly hours worked decreased by about 25%, the underemployment rate increased from 6 in December5% to 66%。
Looking at the trend data, the number of employed people increased by about 0 month-on-month in January1%, the number of unemployed increased by about 09%, and the number of hours worked per month decreased by about 05%, and the underemployment rate has also increased from 65% to 66%。
Bjorn Jarvis, the head of the Australian Bureau of Statistics, said that this is the first time that Australia's unemployment rate has exceeded 4% since January 2022. However, similar to the situation in January last year and the year before, while the unemployment rate rose in January 2024, the number of people who are currently unemployed but said they will start working or return to work in the future is higher than in other months.
He said that although the number of unemployed was higher in January, the number of unemployed who started working in the next four weeks is expected to increase. This may reflect the seasonal dynamics of the labor market brought about by people starting to work after the end of the summer holidays. In January 2022, 2023 and January 2024, about 5% of the unemployed found work, compared to about 4% in January of the pre-pandemic years.
Jarvis said January was a popular month for annual leave in Australia. Compared to January of the pre-pandemic year, the proportion of employed people who did not work due to leave was higher in January this year. This is not the first time this has happened since the pandemic, and it may indicate that there will be further changes in the dynamics of the labor market during the summer holidays.
Editor: Luo Hao.
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