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Australia Economy: 
Jobless Rate Rises to 4.2%
Author: 123jump.com Staff
123jump.com
Last Update: 7:44 AM EDT May 08 2008


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Unemployment rate increased by 0.1 percentage point to 4.2%.The male unemployment rate increased marginally to 4%, and the female unemployment rate increased by 0.2 percentage points to 4.5%.

 
The following is an unedited transcript of the news release from the Australian Bureau of Statistics.


TREND ESTIMATES (MONTHLY CHANGE)

EMPLOYMENT increased to 10,706,100
UNEMPLOYMENT decreased to 453,100
UNEMPLOYMENT RATE remained at 4.1%
PARTICIPATION RATE remained at 65.3%


SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

EMPLOYMENT

increased by 25,400 to 10,712,900. Full-time employment increased by 19,000 to 7,658,000 and part-time employment increased by 6,300 to 3,054,900.


UNEMPLOYMENT

increased by 16,900 to 469,800. The number of persons looking for full-time work increased by 17,300 to 330,500 and the number of persons looking for part-time work decreased by 400 to 139,300.

UNEMPLOYMENT RATE

increased by 0.1 percentage point to 4.2%. The male unemployment rate increased marginally to 4.0%, and the female unemployment rate increased by 0.2 percentage points to 4.5%.


PARTICIPATION RATE

increased by 0.2 percentage points to 65.4%.


Available at:

http://www.abs.gov.au/ausstats/abs%40.nsf/mf/6202.0
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