Australia's unemployment rate at 3.9% in April

By Sophia Rodrigues

Published On 19 May 2022 , 11:46 AM

The jobless rate was at 3.9% in April, following a revised 3.9% rate in March (from 4.0%), data from Australian Bureau of Statistics showed.

The number of employed rose by 4,000 (less than expected) but the number of unemployed fell by 11,000. The participation rate fell slightly to 66.3%, (66.34% vs 66.44% in March).

The employment-to-population ratio remained at a record high at 63.8%, and average monthly hours worked per employed rose to 136.7 hours, highest since December 2021.

LATEST SNIPPETS

Analysis: RBA Lowe’s Forward Guidance Viewed Through CB-Intel Stories

CB-Intel's last published article reviews RBA's forward guidance through the lens of CB-Intel stories.

...

Published on : 08 Jan 2023 , 11:32 PM
Australia AOFM’s CEO Rob Nicholl To Join IMF

The chief executive of the Australian Office of Financial Management Rob Nicholl is leaving to join the International...

Published on : 22 Jul 2022 , 04:34 PM
RBA Lowe's speech on Wed not under embargo

RBA Governor Philip Lowe will deliver a speech on July 20, but the speech will not be released under embargo, the RBA...

Published on : 19 Jul 2022 , 04:03 PM
RBNZ Hike 50bps to 2.5%

The Reserve Bank of New Zealand raised the official cash rate by 50bps for the third meeting in a row, taking the rat...

Published on : 13 Jul 2022 , 12:57 PM
RBA raises cash rate 50bps to 1.35%

The Reserve Bank of Australia has increased the cash rate target by 50bps to 1.35%, marking two consecutive 50-basis-...

Published on : 05 Jul 2022 , 03:03 PM
Westpac also ups RBA cash rate forecast to 2.1% by Dec (from 1.75%)

Westpac chief economist Bill Evans has raised his forecast for RBA cash rate, now expecting the policy rate to end 20...

Published on : 07 Jun 2022 , 05:21 PM
CBA ups RBA rate forecast; sees 2.1% year-end, with risk of 2.35%

Economists at Commonwealth Bank have revised higher their forecast for RBA cash rate, now expecting the rate to reach...

Published on : 07 Jun 2022 , 04:58 PM
NAB ups RBA cash rate forecast to 2% by Dec (from 1.35%)

Economists at National Australia Bank are revising up their RBA cash rate forecast following the 50bps hike on Tuesda...

Published on : 07 Jun 2022 , 04:15 PM
RBA raises cash rate 50bps to 0.85%

The Reserve Bank of Australia raised the cash rate target by 50bps to 0.85%. The rate on Exchange Settlement balances...

Published on : 07 Jun 2022 , 02:47 PM
Australia net export to subtract 1.7 points from Q1 GDP

Net export will detract 1.7 percentage points from Australia's March quarter GDP, data published by Australian Bu...

Published on : 31 May 2022 , 11:44 AM