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Australia Jobless Rate Rises To 5.2% In April

The unemployment rate in Australia came in at a seasonally adjusted 5.2 percent in April, the Australian Bureau of Statistics said on Thursday.

That was above forecasts for 5.0 percent and up from the upwardly revised 5.1 percent in March (originally 5.0 percent).

The Australian economy added 28,400 jobs last month – exceeding expectations for an increase of 15,000 following the gain of 25,700 a month earlier.

The participation rate ticked up to 65.8 percent, beating forecasts for 65.7 percent – which would have been unchanged from the previous month.

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