Australian Economy

Australian unemployment stays at 4.0% as jobs growth slows

Leith van Onselen
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The Australian Bureau of Statistics (ABS) has released labour force data for March with Australia’s unemployment rate remaining at its 14-year low of 4.0% after jobs growth (+17,900) missed analysts’ expectations (+40,000):

Australian march labour market changes

Key movements are summarised below:

  • unemployment rate remained at 4.0%.
  • participation rate remained at 66.4%.
  • employment increased to 13,389,900.
  • employment to population ratio remained at 63.8%.
  • underemployment rate decreased to 6.3%.
  • monthly hours worked decreased by 10 million hours.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.