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- Australia's unemployment rate rises to 6.2% in April
Australia's unemployment rate rises to 6.2% in April
The Australian Bureau of Statistics released its labour market data on Thursday. Australia's unemployment rate rose to 6.2% in April from 6.1% in March, in line with expectations.
The number of employed people in Australia fell by 2,900 in April, missing expectations for an increase by 5,000, after a gain by 48,100 in March.
March's figure was revised up from a rise by 37,700.
The decline in employment was driven by declines in full-time employment for males, which fell by 47,900, and part-time employment for females, which decreased by 10,700.
Full-time employment fell by 21,900, while part-time employment rose by 19,000.
The participation rate was 64.8%.
These figures might add pressure on the Reserve Bank of Australia to lower its interest rate again.
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