Overview

• The unemployment rate in Australia remained steady at 4.1% in February 2025, according to the Australian Bureau of Statistics (ABS).
• Employment fell by 53,000 jobs, while the labor force participation rate dropped to 66.8% from January's record high of 67.3%.
• The decline in employment was partly attributed to fewer older workers returning to the workforce, while employment growth continued for those aged 15 to 54 over the year.
• Economists highlighted potential seasonal adjustment issues and lingering pandemic-related effects influencing the February data.
• The Reserve Bank of Australia forecasts the unemployment rate to average 4.2% by mid-2025, signaling a stable labor market outlook.