Australia Unemployment April 2016


Unemployment rate stable in April

In April, the labor market gained 10,800 jobs compared to the previous month, in seasonally-adjusted terms. The increase was a deterioration compared to March’s revised 25,700 jobs gained (previously reported: 26,100 jobs month-on-month). The number of new positions undershot market expectations by 1,700 jobs. April’s result reflected an increase in the number of part-time jobs, offsetting a decrease in the number of full-time jobs. The number of part-time positions grew by 20,200 jobs (March: 35,700 jobs), while the number of full-time positions fell by 9,300 jobs (March: -10,000 jobs).

The labor market participation rate inched down in April to 64.8% from March’s 64.9%. The unemployment rate was stable in April at March’s 5.7%.

FocusEconomics panelists expect the unemployment rate to average 5.6% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, the panel expects that the unemployment rate also will be 5.6%.

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Australia Unemployment Chart

Australia Unemployment April 2016

Note: Seasonally-adjusted unemployment rate in % and new jobs in thousands.
Source: Australian Bureau of Statistics.

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