Australia: Unemployment rate stable at over 13-year low in April
Seasonally-adjusted employment increased by 3,970 in April, following 20,300 jobs added in March. April’s result was driven by an increase in full-time employment more than offsetting a decline in part-time employment.
Meanwhile, the seasonally-adjusted unemployment rate remained stable at March’s 3.9% in April. However, the participation rate dipped to 66.3% from the previous month’s 66.4%, although the seasonally-adjusted underemployment rate fell to 6.1% in April from 6.3% in March.