Australia Labour Market Holds Steady in January 2026

Source: Dukascopy Bank SA
According to the Australian Bureau of Statistics, Australia's unemployment rate was 4.1% in January 2026 in both trend and seasonally adjusted terms, with the trend rate edging slightly lower and the seasonally adjusted rate unchanged. The participation rate held at 66.7%, while total employment rose above 14.7 million. Trend employment increased by 24,700 people and seasonally adjusted employment rose by 17,800.



The underemployment rate remained at 5.9%. Full-time employment climbed by 50,500 people, offsetting a fall of 32,700 in part-time roles, signalling a shift toward full-time work. Monthly hours worked increased to 2,013 million hours, although the employment-to-population ratio eased slightly to 63.9%.
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