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Australia's jobless rate rose to 4.3% in February 2026 despite adding 48,900 jobs, as more people entered the labor force.
Australia's unemployment rate rose to 4.3% in February 2026, up from 4.1%, despite adding 48,900 jobs—more than double the expected 20,000.
The increase was driven by a larger rise in the labor force, with 35,000 more people unemployed as more individuals entered the job market.
While employment grew, full-time jobs declined by 30,500, and part-time work surged by 79,400, indicating a shift toward less stable work.
Total hours worked fell slightly, and the labor force participation rate rose to 66.9%.
Economists see signs of labor market cooling, though job growth remains resilient.
Markets now expect a 57% chance of another rate hike by the Reserve Bank of Australia in May.
La tasa de desempleo de Australia subió al 4,3% en febrero de 2026 a pesar de agregar 48,900 empleos, a medida que más personas ingresaban a la fuerza laboral.