Australian unemployment rate rises to 3.8 pc in March


Canberra, April 18 (IANS): Australia's unemployment rate rose slightly to 3.8 per cent in March, official data has revealed.

According to figures published by the Australian Bureau of Statistics (ABS) on Thursday, the number of employed Australians fell by 6,600 between February and March, driving unemployment up from 3.7 per cent to 3.8 per cent, Xinhua news agency reported.

News Corp Australia newspapers reported that economists had generally expected unemployment to hit 3.9 per cent in March.

The fall in employment comes after the number of employed Australians grew by 116,500 between January and February.

The ABS said the number of Australians employed in full-time roles grew by 27,900 between February and March but part-time employment fell by 34,500 in the same period.

Despite the net job loss, the total number of hours worked by Australians was 17 million or 0.9 percent higher in March than in February and 1.7 per cent higher than in March 2023.

The participation rate, which measures the proportion of the working-age population who are either employed or actively looking for work, fell slightly from 66.7 per cent to 66.6 per cent.

Bjorn Jarvis, head of labor statistics at the ABS, said in a media release that the participation rate was much higher than pre-pandemic levels and close to the record high of 67 per cent set in November, 2023.

 

  

Top Stories


Leave a Comment

Title: Australian unemployment rate rises to 3.8 pc in March



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.