Unemployment Rate Rises

Thursday, May 16th, 2019

Australia’s unemployment rate rose 0.2 percentage points in April to a seasonally adjusted 5.2 per cent, slightly worse than analysts had been expecting.

The number of employed persons rose by 28,400 to a total 12.8 million during the month, with the increase of 34,700 part-time jobs offset the loss of 6,300 full-time positions; however, Thursday’s seasonally adjusted data from the Australian Bureau of Statistics showed a 21,200 increase in the number of people without work, to 703,900.

The monthly seasonally adjusted underemployment rate increased 0.3 points to 8.5 per cent.

Analysts expected the jobless rate to remain in a range of 5.0 and 5.1 per cent.

The Australian dollar fell after the data’s release, from 69.25 US cents to 69.08 US cents by 1136 AEDT.

New South Wales maintains the lowest jobless rate in the country.

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