Australia Unemployment April 2022

Australia

Australia: Unemployment rate stable at over 13-year low in April

May 19, 2022

Seasonally-adjusted employment increased by 3,970 in April, following 20,300 jobs added in March. April’s result was driven by an increase in full-time employment more than offsetting a decline in part-time employment.

Meanwhile, the seasonally-adjusted unemployment rate remained stable at March’s 3.9% in April. However, the participation rate dipped to 66.3% from the previous month’s 66.4%, although the seasonally-adjusted underemployment rate fell to 6.1% in April from 6.3% in March.

FocusEconomics panelists project the unemployment rate to average 4.3% in 2022, down 0.1 percentage points from last month’s estimate, and 4.6% in 2023.


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