Unemployment in Australia goes down to 4.9%

This article was last updated on April 16, 2022

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The rate of unemployment in Australia fell in the previous month unexpectedly with the biggest mining states of the country indicating there is still high risk in the two-speed recovery of the economy as per the figures going public on Thursday.

The Australian Bureau of Statistics revealed that the rate of unemployment has fallen from 5.2 percent to 4.9 percent in the month of April with 15,500 jobs inducted into the economy. Furthermore, the percentage of job seekers in Western Australia also fell to 3.8 percent from that of 4.1 percent in the month of March. The Western Australia workforce accounts for most of Australia’s output of iron ore. However, the results also showed that there was a minute increase in the rate of unemployment in the state of New South Wales. The figures released by Australian Bureau of Statistics have come as a surprise to the current government which had anticipated the unemployment to rise to 5.5 percent instead of falling.

Commenting on the statistics released, the Minister of Employment Bill Shorten said that the fall in national unemployment is good news for the economy; however, there are still a few sectors which are going through a tough time in terms of employment. He said, “Clearly the federal government's policies, despite the difficulties being seen around the world, are still holding very strongly. We recognize the news is not uniformly good. We stick by our forecasts that unemployment will rise throughout the course of the year.”