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%.
Author: Robert Hill, Economist