Australia Unemployment


Australia: Unemployment rate inches up in April

May 7, 2015

In April, the labor market lost 2,900 jobs compared to the previous month in seasonally-adjusted terms. The decrease contrasted last month’s increase of 42,000 jobs and surprised analysts who had predicted an increase of 5,000 jobs. The result was driven by a 21,900 decrease in full-time employment, while part-time positions increased by 19,000.

The labor market participation rate was stable at March’s 64.8%. As a result of the jobs losses, the unemployment rate increased 0.1 percentage points to 6.2%.

FocusEconomics panelists expect the unemployment rate to average 6.4% in 2015, which is unchanged from last month’s forecast. In 2016, the panel expects that the unemployment rate will inch down to 6.3%.

Author:, Economist

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Australia Unemployment Chart

Australia Unemployment April 2015

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

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