Generic street scenes in Siidney CBD
Share and Follow

Australia’s unemployment rate rose slightly in January following this week’s long-awaited RBA cash rate news.

The country’s unemployment rate jumped by 0.1 per cent to 4.1 per cent, according to the seasonally-adjusted figure released by the Australian Bureau of Statistics.

Employment rose by 44,000 people and the number of unemployed people increased by 23,000.

Generic street scenes in Siidney CBD
The unemployment rate in Australia rose slightly by 0.1 per cent for the previous month. (Louie Douvis)

In trend terms, the figure remained steady at 4.0 per cent.

Economists had hoped wage growth figures and the RBA’s long-awaited rate cut would keep jobless figures firm.

ABS head of labour statistics Bjorn Jarvis said the increase was a reflection of more people than usual with jobs waiting to start or return to work in January.

The RBA had previously forecast a 4.3 per cent average around this period.

Unemployment rate January 2025
The country’s unemployment rate has gradually risen since mid-2022. (Australian Bureau of Statistics)

The country’s unemployment rate has gradually risen since mid-2022.

“With employment rising by 44,000 people and the number of unemployed increasing by 23,000 people, the unemployment rate rose to 4.1 per cent,” said Jarvis.

“The rises in both the number of people employed and unemployed saw the participation rate rise by 0.1 percentage point, to a new record high of 67.3 per cent.

“This was 0.8 percentage points higher than a year ago and 1.8 percentage points higher than March 2020.”

Share and Follow
You May Also Like
Lizard Island Resort north of Cairns in Queensland made it ito the best resorts in the world list

Investigation Launched as Cruise Ship Crew Faces Questions Over Passenger’s Mysterious Island Death

The Australian maritime safety authorities have launched an investigation into the tragic…
A Melbourne flight bound for Singapore is diverting back to Tullamarine airport after witnesses described seeing it flying low and dumping fuel.

Singapore Airlines Flight Makes Unscheduled Return to Melbourne Airport

A flight bound for Singapore has been forced to divert back to…

Unveiling the True Cost of Raising a Child in Australia: A Comprehensive Financial Breakdown

Australians are having fewer children than ever. At 1.5 babies per woman,…
South Australia police raids

Global Crime Crackdown: Dozens Arrested in Unprecedented AN0M App Sting Operation

Nearly 60 people have been charged in South Australia as part of…

BoM Issues Apology Over $4.1 Million Website Controversy, Acknowledges User Challenges

The Bureau of Meteorology (BoM) has responded to the intensifying storm around…
This one company is now worth more than Japan, India and the UK

Tech Giant Surpasses Economies of Japan, India, and UK in Unprecedented Market Valuation

Nvidia has officially claimed the title of the first company to reach…
Prosecutor says two suspects in Louvre heist 'partially' admit participation

Prosecutor Reports Partial Confessions from Two Suspects in Louvre Heist

Two individuals implicated in the high-profile Louvre jewel heist have “partially” confessed…
Rugby's 12 'next gen' stars you must watch this autumn - from England's young gem and a 20st All Black force to a future Scotland captain and France's 'perfect' new breakthrough wonderkid

Meet Rugby’s Rising Stars: 12 Must-Watch Talents This Autumn, Including England’s Promising Prodigy, a 20-Stone All Black Powerhouse, a Prospective Scotland Captain, and France’s Emerging Phenomenon

The upcoming month is set to be a paradise for rugby enthusiasts…