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Australia's seasonally adjusted unemployment rate remained steady at 5.4%t in January, as announced by the Australian Bureau of Statistics (ABS) today. The number of people employed increased by 10,400 to 11,549,100 last month.
The increase in employment was driven by increased part-time employment, up 20,200 people to 3,450,700 and was offset by decreased full-time employment, which fell 9,800 to 8,098,400 people. The jump in total employment was mainly driven by an increase in female part-time employment.
Overall, the number of people unemployed increased by 2,000 people to 659,600 in January, the ABS reported. The ABS monthly seasonally adjusted aggregate hours worked series showed a decrease in January, down 3.9 million hours to 1,619.7 million hours. The labour force participation rate fell slightly by - 0.1% to 65.0% in January.