Australia Jobless Rate Holds Steady At 4.3% In March

RTTNews | 149 days ago
Australia Jobless Rate Holds Steady At 4.3% In March

(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 4.3 percent in March, the Australian Bureau of Statistics said on Thursday - unchanged and in line with expectations.

The Australian economy added 17,900 jobs last month, the bureau said - shy of expectations for a gain of 19,100 following the gain of 48,900 in the previous month.

The participation rate slipped to 66.8 percent from 68.9 percent a month earlier.

Unemployed people decreased by 100 to 655,600, while youth unemployment climbed to 10.1 percent.

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