Australia: Unemployment rate stable in April
May 19, 2016
In April, the labor market gained 10,800 jobs compared to the previous month, in seasonally-adjusted terms. The increase was a deterioration compared to March’s revised 25,700 jobs gained (previously reported: 26,100 jobs month-on-month). The number of new positions undershot market expectations by 1,700 jobs. April’s result reflected an increase in the number of part-time jobs, offsetting a decrease in the number of full-time jobs. The number of part-time positions grew by 20,200 jobs (March: 35,700 jobs), while the number of full-time positions fell by 9,300 jobs (March: -10,000 jobs).
The labor market participation rate inched down in April to 64.8% from March’s 64.9%. The unemployment rate was stable in April at March’s 5.7%.
Author: Robert Hill, Economist