The unemployment rate remains steady at 3.5 per cent, with the creation of an estimated 53,000 jobs in March.
abc.net.au/news/unemployment-jobs-linkedin-abs-march-2023/102217114The unemployment rate has remained steady at 3.5 per cent, with the creation of an estimated 53,000 jobs in March.The employment-to-population ratio increased 0.1 percentage point to 64.4 per cent, while the proportion of people either in work or looking for it remained at 66.7 per cent.
"Both indicators were close to their historical highs in November 2022, reflecting a tight labour market and explaining why employers are finding it hard to fill the high number of job vacancies," said ABS head of labour statistics Lauren Ford. Although hours worked dipped slightly and the underemployment rate edged higher to 6.2 per cent, reversing a decrease in February.
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