08 April 2010

Australia’s unemployment rate a low 5.3 per cent in March

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The Australian unemployment rate has remained steady at 5.3 per cent in March, the Australia Bureau of Statistics has announced.

Australian economy

Australia has reported a steady unemployment rate, and an increase in full-time employment.

The Australian unemployment rate is almost half the level of the US, which stands at 9.7 per cent, and the European Union, 10 per cent.

The Labour Market Statistics released by the UK National Statistics on 17 March reported the UK unemployment rate at 7.8 per cent in the three months to January.
The Australia Bureau of Statistics reported the number of people employed increased by 19,600 people to 10.988 million, seasonally adjusted, in March, due to an increase in full-time employment.

March was the seventh consecutive month Australia has seen a rise in the number of people employed full-time.

The results follow statements from the Australian Prime Minister Kevin Rudd that the Australian economy has emerged from the global recession.

“Australia has emerged from the global recession with one of the strongest economies in the developed world,” Mr Rudd said.

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