- Analytics
- News and Tools
- Market News
- Australia March unemployment rate rises to 5.6%
Australia March unemployment rate rises to 5.6%
Australia posted a seasonally adjusted unemployment rate of 5.6 percent in March, the Australian Bureau of Statistics said on Thursday.
That missed forecasts for a rate of 5.4 percent, which would have been unchanged from the previous month.
The Australian economy lost 36,100 jobs in March - well shy of forecasts for a loss of 7,500 jobs, but a foreseeable correction after an astounding 71,500 jobs were added in February.
The participation rate was 65.1 percent - missing forecasts for 65.2 percent and down from 65.3 percent a month earlier.
Employment decreased 36,100 or 0.3 percent to 11,592,700. Full-time employment was down 7,400 to 8,111,300, while part-time employment plummeted 28,700 to 3,481,500.
Unemployment increased 25,900 (3.9 percent) to 686,900. The number of persons looking for full-time work increased 30,900 to 501,900 and the number of persons looking for part-time work decreased 5,000 to 185,000.
Aggregate monthly hours worked decreased 5.0 million hours to 1,627.3 million hours.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
