Australia: Unemployment inches down in March
April 7, 2011
In March, the economy added 38,000 jobs in seasonally-adjusted terms, marking the largest increase since the end of last year and recovering from the drop recorded in February, which was the first decline since August 2009. The increase reflected a significant addition in the number of full-time jobs (+32,000), while part-time positions (+6,000 jobs) rose only moderately. That said, the number of total job seekers dropped considerably in March (-10,000) after remaining broadly unchanged in February. As a consequence, the unemployment rate inched down from 5.0% in February to 4.9%.
Author: Armando Ciccarelli, Head of Data Solutions