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Free AccessAPRIL UNEMPLOYMENT RATE 6.2% (Mar....>
AUSTRALIA DATA: APRIL UNEMPLOYMENT RATE 6.2% (Mar 5.2%), APRIL PEOPLE EMPLOYED
-594,000
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--Australian Bureau of Statistics. "The large drop in employment did not
translate into a similar sized rise in the number of unemployed people because
around 489,800 people left the labour force".
--Unemployment increased by 104,500 people to 823,300, and the unemployment rate
increased by 1.0ppfrom 5.2 per cent to 6.2 per cent.
--Participation fell rate by 2.4 percentage points to 63.5 per cent.
--The impact of the COVID-19 pandemic on hours worked was also extensive. Total
hours worked fell by around 9.2 per cent between March and April.
--Around 2.7 million people (about 1 in 5 people employed in March) either left
employment or had their hours reduced between March and April.
--Underemployed people also rose sharply, up 603,300 people to a total of 1.8
million people). Underemployment rate rose to a record high 13.7%, up 4.9pps.
--Underutilisation rate rose to a record high of 19.9 per cent.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.