The latest ABS Labour Statistics reveal that in April 2022, we saw employment rise by 4,000 people and unemployment fall by 11,000. As a result, the unemployment rate decreased slightly with the revised March 2022 rate of 3.9%. The employment participation rate has also remained close to historical highs since March 2022 and is currently sitting at 66.3%.
ABS Labour Force Findings from April 2022
• Employment increased to 13,401,700.
• The underemployment rate decreased to 6.1%, which is the lowest rate since 2008.
• Monthly hours worked increased by 23 million hours.
• Youth unemployment decreased and is lower than pre-covid data.
• The number of employed persons further decreased and is down by 28.2% from a year ago with 537,100 persons unemployed.
• Full-time employment increased by almost 100,000 persons which was about the same as the decrease in part-time employment.
• The unemployment rate for males fell by 0.2 percentage points to 4.0%, its lowest level since October 2008.
• For females, it remained at 3.7% for a second month, which is the lowest it has been since May 1974.
For the latest Labour Force data, visit the Australian Bureau of Statistics: abs.gov.au.
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