Australia Unemployment Rate Rises to 4.1% in March vs. 4.2% Expected
Australia’s Unemployment Rate rose to 4.1% in March from 4.0% in February (revised from 4.1%), according to official data released by the Australian Bureau of Statistics (ABS) on Thursday. The reading was below market consensus of 4.2%.
Furthermore, Australia’s Employment Change came in at 32.2K in March from -57.5K in February (revised from -52.8K), compared to consensus estimates of 40K.
The participation rate in Australia increased to 66.8% in March, compared to 66.7% in February (revised from 66.8%). Meanwhile, Full-Time Employment increased by 15K in the same period from a decline of 43.8K in the previous reading (revised from -35.7K). Part-Time Jobs increased by 17.2K in March versus -17K previously.
Source: FXStreet