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Financial News: Australia Jobless Rate Eases To 3.9% In April

Australia Jobless Rate Eases To 3.9% In April

05/18/2022 - 21:37:00 (RTTNews)

(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in April, the Australian Bureau of Statistics said on Thursday - in line with expectations and down from 4.0 percent in March.

The Australian economy added 4,000 jobs last month - well shy of expectations for the addition of 30,000 jobs following the gain of 17,900 jobs in the previous month.

Full-time employment added 92,400 jobs, but that was largely offset by the loss of 88,400 part-time jobs.

The participation rate fell to 66.3, missing expectations for 66.4 - which would have been unchanged.

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