Australia Jobless Rate Rises to 8-Month High of 5.2%


Australia's seasonally adjusted unemployment rate edged up to 5.2 percent in April 2019 from an upwardly revised 5.1 percent in the previous month and slightly above market expectations of 5.1 percent. It was the highest jobless rate since August last year, as the economy added 28,400 jobs while the number of unemployed increased by 21,200.

The number of unemployed rose by 21,200 to 703,900 in April. People looking for full-time work advanced 16,600 to 490,900 and those looking for only part-time work went up 4,600 to 212,900. Male unemployment increased by 11,400 and female unemployment went up by 9,800.

Employment went up 28,400 to 12,822,900 in April, easily beating market consensus of a 14,000 gain and after an upwardly revised 27,661 increase in March. Part-time employed persons went up 34,700 to 4,030,200, while full-time employed persons fell 6,300 to 8,792,700

The participation rate rose 0.2 points from a month earlier to 65.8 percent in April, slightly higher than forecasts of 65.7 percent. Meantime, the employment to population ratio was unchanged at 62.4 percent.

The underemployment rate rose 0.3 points to 8.5 percent in April. 

Seasonally adjusted monthly hours worked in all jobs increased by 2.5 million hours, or 0.1 percent, to 1,788.5 million hours.

Australia Jobless Rate Rises to 8-Month High of 5.2%


ABS l Rida Husna | rida@tradingeconomics.com
5/16/2019 11:03:35 AM