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Financial News: Australia Jobless Rate Climbs To 6.2% In April

Australia Jobless Rate Climbs To 6.2% In April

05/13/2020 - 21:45:00 (RTTNews)

(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 6.2 percent in April, the Australian Bureau of Statistics said on Thursday. That was up from 5.2 percent in March but was well beneath expectations for 8.3 percent.

The Australian economy lost 594,300 jobs last month - missing forecasts for a decline of 575,000 following the increase of 5,900 jobs in the previous month.

The participation rate was 63.5 percent in April, well shy of expectations for 65.2 percent and down from 66.0 percent a month earlier.

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