
Unemployment rate increases despite 13,500 more jobs being created
Seasonally adjusted figures released by the Australian Bureau of Statistics (ABS) today revealed a rise in the unemployment rate, from 5.7 per cent in November 2016 to 5.8 per cent this month.
It is not all negative news however as we saw the participation rate continue to climb, rising from 64.6 per cent last month to 64.7 per cent in January 2017.