The rate of unemployment in Australia rose to 4.1% in April from 3.9% in March, the Australian Bureau of Statistics announced on Thursday. Last month, 30,300 was unemployed while 38,500 was employed and the hours worked remained the same. While the overall unemployment rate rose, the economy actually added about 8000 more jobs than it lost last month. The shock increase of employment was due to a growth in both the number of Australians available and looking for work as well as an unusually high number indicating they were waiting to start new roles. Still the employment-to-population rati

The rate of unemployment in Australia rose to 4.1% in April from 3.9% in March, the Australian Bureau of Statistics announced on Thursday. Last month, 30,300 was unemployed while 38,500 was employed and the hours worked remained the same. While the overall unemployment rate rose, the economy actually added about 8000 more jobs than it lost last month. The shock increase of employment was due to a growth in both the number of Australians available and looking for work as well as an unusually high number indicating they were waiting to start new roles. Still the employment-to-population ratio was steady at 64.0% in April, indicating that jobs gains were only just keeping pace with rapid population growth. "This suggests that the labour market remains tight, though less tight than late 2022 and early 2023," said Bjorn Jarvis, ABS head of labour statistics. The wage growth unexpectedly eased to an annual 4.1% in the March quarter, while growth in the private sector fell for the first time since late 2020. Unemployment rate in Australia is predicted to rise to 5% by 2026.

Data by ABS about unemployment in Australia 

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