Australia Jobless Rate Down To 3-Month Low of 5.7%


Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.7 percent in April of 2017 from 5.9 percent in March and below market estimates of 5.9 percent. It was the lowest jobless rate since January, as the economy added 37,400 jobs while the number of unemployed declined by 19,100.

In April, the seasonally adjusted labour force participation rate remained steady at 64.8 percent while market expected 64.7 percent.

Employment increased by 37,400 to 12,099,300, missing market estimates of a 50,000 gain: full-time employment decreased by 11,600 to 8,227,400 while part-time employment increased by 49,000 to 3,871,900.

Unemployment fell by 19,100 to 732,300. The number of unemployed persons looking for full-time work decreased by 12,300 to 514,200 and the number of unemployed persons only looking for part-time work dropped by 6,800 to 218,000.

Seasonally adjusted aggregate monthly hours worked in all jobs declined 4.3 million hours (-0.26 percent) to 1,659.5 million hours.

ABS l Rida Husna | rida@tradingeconomics.com
5/18/2017 4:32:16 AM