Australia Unemployment April 2017

Australia

Australia: Unemployment rate declines in April

May 18, 2017

Seasonally-adjusted employment increased by 37,400 jobs in April compared to the previous month, down from the 60,000 new jobs created in March. April’s figure overshot analysts’ expectations of 5,000 new jobs. The increase in employment reflects an increase in part-time positions of 49,000 in April (March: -13,900), while the number of full-time positions fell by 11,600 in the same month, down from the 73,900 full-time positions created in March.

The labor market participation rate was stable in April at 64.8%, which led the unemployment rate to fall from March’s 5.9% to 5.7% in April.

FocusEconomics panelists expect the unemployment rate to average 5.7% in 2017, which is unchanged from last month’s forecast. In 2018, the panel expects the unemployment rate to be 5.6%.


Author:, Economist

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Australia Unemployment April 2017

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


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