March 24, 2023

In trend terms, in February 2023 in Australia:

  • unemployment rate remained at 3.5%.
  • participation rate decreased to 66.6%.
  • employment increased to 13,831,400.
  • employment to population ratio remained at 64.3%.
  • underemployment rate decreased to 5.9%.
  • monthly hours worked increased to 1,901 million.

In seasonally adjusted terms, in February 2023:

  • unemployment rate decreased to 3.5%.
  • participation rate increased to 66.6%.
  • employment increased to 13,826,200.
  • employment to population ratio increased to 64.3%.
  • underemployment rate decreased to 5.8%.
  • monthly hours worked increased to 1,917 million.
  • full-time employment increased by 74,900 to 9,669,300 people.
  • part-time employment decreased by 10,300 to 4,156,900 people.

Unemployment

In trend terms, in February 2023:

  • unemployment rate remained at 3.5%.
  • unemployed people increased by 600 to 505,500.
  • youth unemployment rate increased to 7.9%.

In trend terms, in February 2023, employment increased by 19,800 people (0.1%) to 13,831,400 people.

Full-time and part-time employment

In trend terms, in February 2023:

  • full-time employment increased by 17,900 to 9,667,900 people, and part-time employment increased by 1,800 to 4,163,400 people.
  • part-time share of employment was 30.1%.

Employment-to-population ratio

In trend terms, in February 2023, the employment-to-population ratio remained at 64.3%.

The employment-to-population ratio provides a measure of employment relative to the size of the population.

Hours worked

In trend terms, in February 2023, monthly hours worked in all jobs increased by 4.7 million hours (0.2%) to 1,901 million hours.

Participation

In trend terms, in February 2023, the participation rate:

  • decreased to 66.6%.
  • decreased to 71.2% for men and remained at 62.2% for women.

Underemployment

In trend terms, in February 2023:

  • underemployment rate decreased to 5.9%.
  • underutilisation rate remained at 9.5%.

Source: Australian Bureau of Statistics
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