Queensland jobless rate equal worst in the nation

Queensland jobless rate equal worst in the nation

Queensland jobless rate equal worst in the nation

The U.S. seasonally adjusted jobless rate for April 2018 was 3.9 percent, down 0.2 percentage points from the 4.1 percent reported for March 2018, according to the U.S. Department of Labor.

Australia's jobless rate has edged up to 5.6 per cent despite another 22,600 jobs being added in April. It has remained between 5.4 percent and 5.6 percent for nearly a year.

The participation rate climbed to 65.6 percent in April, near levels seen in early 2011, as more women entered the labour force.

In seasonally adjusted terms 32,700 new full-time jobs were created over the month, more than offsetting the loss of 10,000 part-time positions.

That led the Aussie dollar higher at $0.7543, well above a recent 11-month trough of $0.7413.

"The government might try and gloat today that they have reached a certain benchmark in jobs growth and yet. we are not seeing the so-called green shoots of wages growth as promised by the treasurer", Labor employment spokesman Brendan O'Connor said.




"The labour market was always set to cool after such a strong 2017", she said.

The underemployment rate - those in work but seeking extra hours - also rose to 8.4 per cent from 8.3 per cent previously.

Data out on Wednesday showed annual wage growth was a feeble 2.1 percent in the March quarter, half the rate enjoyed by workers during the decade-long mining boom that began in the early 2000s.

"That's a million more Australians who have had the opportunity to realise their dreams", Prime Minister Malcolm Turnbull beamed, while visiting a Brisbane small business on Thursday. Wage pressures in the United States have not picked up despite the lower underutilisation rate.

AMP Capital senior economist Diana Mousina said this was due to a slight rise in the participation rate - a measure of the number of people working or looking for work - to 65.6 per cent.

"It is hard to see a meaningful pick up in wages given that employment growth is expected to be good for the remainder of 2018, but not spectacular", said Diana Mousina, senior economist at AMP.

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