Australia Unemployment Rate Remains Steady In February 2011
The number of full-time jobs in Australia surged by 47,600 in February as the unemployment rate remained steady at five per cent, Minister for Jobs, Senator Chris Evans said today.
Today’s figures which show our continued low unemployment confirms again the underlying strength of the Australian economy.
“Full-time employment rose by 47,600 in February and this is welcome and robust growth,” Senator Evans said.
“Today’s figures also clearly show the very significant toll the impact that natural disasters over summer have had on the Queensland economy with the number of people employed falling by more than 22,000.
“These events have also affected the number of people looking for work, with the participation rate in Queensland falling from 67.7 per cent to 67.0 per cent in February.”
“We have an unprecedented rebuilding task in Queensland, but we arrive at it from a position of fundamental economic strength.
“Our economy is resilient and today’s figures provide confidence about the nation’s robust employment outlook.”
In just over three years, the Labor Government has created more than 700 000 jobs, an outstanding result given the rest of the world has seen the disappearance of around 30 million jobs.
Australia’s unemployment rate remained steady at 5.0 per cent in February, one of the lowest rates in the industrialized world, and stands in stark contrast to the stubbornly high jobless rates of 8.9 per cent in the US and 9.9 per cent in the Euro area.
Topics: 2011, Australia, business, economic development, economic growth, Economy, employment, February, Governance, government, investment, jobs, labor, moniter, monitor, natural disasters, news, Queensland, Senator Chris Evans, society, unemployment, workforce
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