Australia’s unemployment rate rises by 3.8%

Agency. Australia’s unemployment rate, which has been increasing day by day in recent times, rose to 3.8 percent in March last year, according to official statistics.
According to data published by the Australian Bureau of Statistics (ABS) on Thursday, the number of Australians in employment fell by 6,600 between February and March, while the unemployment rate rose from 3.7 to 3.8 percent, according to the News Corp.
The decline in employment comes after the number of Australians in employment rose by 165,000 between January and February.
The ABS said the number of Australians working in full-time roles increased by 27,900 between February and March, but part-time employment fell by 34,500 in the same period.

Despite job losses, the total number of hours worked by Australians was 17 million, or 0.9 per cent more in March than in February and 1.7 per cent more than in March 2023. ABS head of labor statistics Bjorn Jarvis said the participation rate was well above pre-pandemic levels and November He said that the record of 67 percent set in 2023 is high.

The participation rate, which measures the proportion of the working-age population that is known to be employed or actively looking for work, fell slightly to 66.6 percent from 66.7 percent.