7 May 2015
Australian employment conditions soften in April
FXStreet (Bali) - Australian employment figures came worst-than-expected in April. The total employment change stood at -2.9k vs 5k exp, with full time job creation at -21.9k, while part-time was +19k. The jobless rate came unchanged at 6.2%, in line with expectations, with a participation rate of 64.8%, also unchanged.
April key figures
TREND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,725,000. Unemployment decreased to 767,500. Unemployment rate decreased less than 0.1 pts to 6.1%. Participation rate remained steady at 64.8%. Aggregate monthly hours worked increased 6.9 million hours to 1,643.7 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment decreased 2,900 to 11,724,600. Full-time employment decreased 21,900 to 8,115,900 and part-time employment increased 19,000 to 3,608,600. Unemployment increased 7,000 to 769,500. The number of unemployed persons looking for full-time work decreased 2,700 to 541,500 and the number of unemployed persons only looking for part-time work increased 9,800 to 228,000. Unemployment rate increased 0.1 pts to 6.2%. Participation rate decreased 0.1 pts but remained at 64.8%, based on unrounded estimates. Aggregate monthly hours worked increased 17.8 million hours (1.1%) to 1,651.9 million hours.
April key figures
TREND ESTIMATES (MONTHLY CHANGE): Employment increased to 11,725,000. Unemployment decreased to 767,500. Unemployment rate decreased less than 0.1 pts to 6.1%. Participation rate remained steady at 64.8%. Aggregate monthly hours worked increased 6.9 million hours to 1,643.7 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE): Employment decreased 2,900 to 11,724,600. Full-time employment decreased 21,900 to 8,115,900 and part-time employment increased 19,000 to 3,608,600. Unemployment increased 7,000 to 769,500. The number of unemployed persons looking for full-time work decreased 2,700 to 541,500 and the number of unemployed persons only looking for part-time work increased 9,800 to 228,000. Unemployment rate increased 0.1 pts to 6.2%. Participation rate decreased 0.1 pts but remained at 64.8%, based on unrounded estimates. Aggregate monthly hours worked increased 17.8 million hours (1.1%) to 1,651.9 million hours.