Unemployment continues to fall as COVID recovery continues

Australia’s unemployment rate has fallen again as the economy bounces back from the COVID pandemic.

The jobless rate fell from 6.6 per cent in December to 6.4 per cent in January, beating market expectations.

Overall, 29,100 jobs were added to the economy last month.


Full-time positions increased by 59,000 while there was a drop of 29,800 part-time positions.

The number of people looking for work fell slightly with the participation rate down 0.1 percentage points to 66.1 per cent.

The total number of people classified as unemployed fell by 4,300 to 877,600.

Underemployment also fell by 0.4 points to 8.1 per cent and is now lower than it was 12 months ago.

South Australia had the nation’s biggest unemployment rate at 7.1 per cent, an increase of 0.7 points.

That was followed by Queensland on 7 per cent (down 0.5 points), Victoria on 6.3 per cent (down 0.2 points), Western Australia on 6.2 per cent (down 0.2 points) and New South Wales on 6 per cent (down 0.3 points).

Tasmania saw the biggest fall with its unemployment rate down 1.1 points to 5.9 per cent.