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):
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.
