Australia: Unemployment remains stable in April
May 13, 2011
In April, the economy shed 22,100 jobs in seasonally-adjusted terms, marking the largest drop in employment since July 2009. The result comprised a significant reduction in the number of full-time jobs (-49,000), while part-time positions (+27,000 jobs) offset the fall to some extent. That said, the number of total job seekers continued to drop, falling by 10,000 units in April and matching the result seen in March. The decrease in the number of job seekers helped the unemployment rate to remain unchanged at March's 4.9%.
Author: Armando Ciccarelli, Head of Data Solutions