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

No RBA Rate Cut Call from Any Big Four Bank Yet?

I must say I am surprised none of big four banks have made RBA rate cut call......yet

Published on : 12 Feb 2019 , 07:05 AM
RBA may not turn dovish yet but acknowledge balance of risks have changed

One of the most awaited RBA cash rate statements is due today and hardly likely to be exciting. Key themes would...

Published on : 05 Feb 2019 , 07:02 AM
APRA will Change Loan Serviceability Floor

Given there isn't any other quantitative restriction with respect to macroprudential policy for housing market th...

Published on : 31 Jan 2019 , 06:33 AM
RBA Would Change Next Move Up Guidance

Two factors were key to RBA's next rate move up guidance -- Fed and BOC rate hike paths. It was hardly about...

Published on : 10 Jan 2019 , 06:29 AM
Happy New Year

 

Happy New Year everyone. After a mixed 2018, I am looking forward to creating special memories in 20...

Published on : 02 Jan 2019 , 06:28 AM
Australia's export -- the term GFC

How many knew this? The label ‘GFC’ was an export from Australia to the rest of the world - Guy Debelle Published on : 06 Dec 2018 , 05:44 AM