Australia April 2025 unemployment rate 4.1% (vs. 4.1% expected) & Employment Change +89.0K
89,000 jobs were added, 59,500 of those full-time.
Taking some shine off the result is the unemployment rate steady at 4.1%, so no inroads into the jobless rate. Still 4.1% is not too far off 5 decade lows. The participation rate rose to a record high 67.1%. More entrants into the l;about market has held the jobless rate steady.
At this stage I'm still in the 25bp rate cut camp.
The Australian dollar popped a few points higher on the report, but so far with no follow-through.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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