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May 8, 2008 - Forex Economic News
Australian employment increases in April.
The Australian Labour force increased by a seasonally adjusted 25,400 workers from March to April according to a data release by the Australian Bureau of Statistics. April's increase brings the total of employed workers to 10,712,900 while unemployment also increased by 16,900 workers to 469,800. Market forecasts were expecting an increase of 10,000 workers in April after a revised increase of 18,100 workers in March. The Australian unemployment rate edged upwards by 0.1 percent to 4.2 percent in April after an increase of 0.1 percent in March. The unemployment rate has declined by 0.2 percent for the twelve month period of April 2007 to April 2008 while the number of employed workers has increased by 2.9 percent in the same time frame. The number of unemployed workers has dropped by 0.9 percent in the twelve months through April 2008.
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Tags: australia employment, aud, unemployment rate, Labour force