SYDNEY, May 20 (Reuters) - Australia’s jobless rate fell for a sixth consecutive month in April to the lowest in a year despite a shocking drop in employment as fewer people went looking for work, data on Thursday showed.
Figures from the Australian Bureau of Statistics (ABS) showed a decline of 30,600 jobs in April, confounding economists’ expectations for a 15,000 increase.
Unemployment eased to 5.5%, the lowest since April 2020 while the participation rate declined 3 percentage points to 66%. (Reporting by Swati Pandey; Editing by Jacqueline Wong)
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May 20, 2021 at 08:43AM
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Australia April unemployment falls to year low of 5.5% - Reuters
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