Australia Jobless Rate Rises to 5% in March


Australia's seasonally adjusted unemployment rate edged up to 5.0 percent in March 2019 from a near eight-year low of 4.9 percent in the previous month and matching market expectations. The economy added 25,700 jobs while the number of unemployed increased by 17,100.

The number of unemployed increased by 17,100 to 680,000 in March. People looking for full-time work rose by 15,100 to 472,100 and those looking for only part-time work went up 1,900 to 207,900. Male unemployment increased 9,300 and female unemployment advanced 7,700.

Employment went up 25,700 to 12,791,500 in March, easily beating market consensus of a 12,000 gain and after an upwardly revised 10,800 increase in February. Full-time employed persons went up 48,300 to 8,798,300, while part-time employed persons dropped 22,600 to 3,993,200. 

The participation rate rose 0.1 points from a month earlier to 65.7 percent in March, higher than forecasts of 65.6 percent. Meantime, the employment to population ratio was unchanged at 62.3 percent.

The underemployment rate rose 0.1 points to 8.2 percent in March. 

Seasonally adjusted monthly hours worked in all jobs increased by 13.2 million hours, or 0.7 percent, to 1,785.4 million hours.

Australia Jobless Rate Rises to 5% in March


ABS l Rida Husna | rida@tradingeconomics.com
4/18/2019 10:00:59 AM