Economic Buzz: Australias Unemployment Rate Down To 3.9%

19 May 2022 , 10:22 AM

The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in April, in line with expectations and down from 4.0 percent in March, according to the Australian Bureau of Statistics. 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.Powered by Commodity Insights