Unemployment rate remains steady at 5.3%
The Australian Bureau of Statistics reported that the Australian unemployment rate remained steady at 5.3% in March. The number of people employed increased by 19,600 people to 10.988 million, seasonally adjusted.
The ABS said the rise in employment was driven by the seventh consecutive monthly rise in full-time employment, up 30,100 people to 7.691 million.
This, however, was offset by a drop in part-time employment, down 10,600 people to 3.297 million.
The ABS reported a 4,200 increase in the number of people unemployed during March to 619,100.
The ABS seasonally adjusted monthly aggregate hours worked series revealed a decline of 10 million hours to 1,541.2 million hours in March.
The number of people actively looking for employment in March was 65.1%.
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