The unemployment rate in Australia jumped to 6% in January from the previous year’s rate of 5.8% according to the Australian Bureau of Statistics (ABS).
Jobs growth is not as strong as it looked a couple of months ago, but not as flat as the latest figures say it is.
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Employment Growth for April smashes expectation
The Australian economy added 14,000 jobs in April, smashing the market expectation of 9,000.
It is an amazing figure, especially given April was an unusual month for Australian business, with the ANZAC Day holiday falling the week after Easter, leading to a three-day work week which many people took off entirely. This had the potential to affect job creation decisions.
Australia’s unemployment rate decreased in March
Australia’s seasonally adjusted unemployment rate decreased by 0.2 percentage points to 5.8 per cent in March, as announced by the Australian Bureau of Statistics (ABS).
The seasonally adjusted labour force participation rate decreased by 0.2 percentage points to 64.7 per cent in March.
The ABS reported the number of people employed increased by 18,100 to 11,553,200 in March. The increase in employment was due to increased female and male part-time employment, up 40,200 people to 3,524,000, offset by decreased full-time employment, down 22,100 to 8,029,100.
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