Unemployment in Australia

Australia Unemployment | Economic News & Forecasts

Australia - Unemployment

Labor market paints a mixed picture in April

Seasonally-adjusted employment increased by 28,400 in April from the previous month, following the revised 27,700 jobs added in March (previously reported: +25,700 jobs) and more than doubling analysts’ expectations of a gain of 14,000. April’s reading was driven by a rise in part-time workers which more than offset a decline in full-time workers.

Seasonally-adjusted unemployment inched up to 5.2% in April from March’s revised 5.1% (previously reported: 5.0%). However, this was due to an increase in the seasonally-adjusted participation rate, which rose from 65.7% in March to 65.8%. Meanwhile, the seasonally-adjusted underemployment rate increased from the previous month’s 8.2% to 8.5% in April.

Markets reacted by driving the Australian dollar down, sustained by higher expectations that, due to the pick-up in the unemployment rate, the Reserve Bank of Australia will cut interest rates at its next monetary policy meeting in June.

FocusEconomics panelists expect the unemployment rate to average 5.0% in 2019, unchanged from last month’s forecast, and 5.1% in 2020.

Australia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.7  6.1  6.1  5.7  5.6  

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Australia Unemployment Chart

Australia Unemployment
Note: Unemployment in % of active population.
Source: Australia Bureau of Statistics and FocusEconomics calculations.

Australia Facts

Bond Yield1.731.47 %May 13
Exchange Rate0.700.05 %May 13
Stock Market6,3810.08 %May 13

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