The national unemployment rate continued to edge higher again as the Seasonally Adjusted Unemployment Rate came in at 5.6% according to the Australian Bureau of Statistics, up from 5.5% recorded in February.
State wise, Western Australia recorded a jump from 6.1% in February to 6.9% in March – Seasonally Adjusted.
Based on trend estimates, while unemployment increased across the month by 3,5 to 735,000 so did the number employed which rose 14,000 to a total of 12,485,800.
The largest increase in the seasonally adjusted participation rate was in Western Australia (up 0.6 percentage points to 68.7 per cent) followed by Tasmania (up 0.2 percentage points to 61.2 per cent) and Victoria (up 0.1 percentage points to 65.6 per cent). South Australia’s seasonally adjusted participation rate decreased 0.9 percentage points to 62.4 per cent, followed by Queensland, down 0.2 percentage points to 66.0 per cent.
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