Sydney Australia skyline

Australia Unemployment April 2024

Australia: Unemployment rate rises in April

Seasonally-adjusted employment rose by 38,500 in April, following 5,900 jobs shed in March. April’s result was driven by an increase in part-time employment more than offsetting falling full-time employment.

The seasonally-adjusted unemployment rate rose to 4.1% in April from 3.9% in March. Moreover, the seasonally-adjusted underemployment rose to 6.6% from March’s 6.5%. However, the participation rate ticked up to 66.7% from March’s 66.6%.

Commenting on the reading, ING’s Robert Carnell stated:

“Higher-than-forecast employment looks good, but the nature of that employment is questionable, and the unemployment rate has jumped higher – on balance, this looks slightly weaker than it first appears.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest