Published: Fri, May 19, 2017
Markets | By Noel Gibbs

Australia jobless rate dips to four-month low as full-time work falters

Australia jobless rate dips to four-month low as full-time work falters

Despite the slight unemployment increase the number of employed is also up, suggesting more individuals are entering the labor market.

The state has added an estimated 76,500 jobs since April 2016, with the private sector adding 61,700 jobs and the public sector gaining 14,800.

The U.S. unemployment rate was 4.4 percent in April, according to the Bureau of Labor Statistics.

Maui County's 3% unemployment rate for April was up slightly from the 2.9% reported a month earlier, and down slightly from the 3.1% reported at the same time past year. Financial activities cut 1,000, leisure and hospitality and professional and business services eliminated 900 each, manufacturing trimmed 800 and other services shaved 100.

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Still, state labor economists emphasized that CT gained jobs steadily over the year.

MA added 3,900 jobs in April, according to the preliminary job estimates from the Bureau of Labor Statistics. It was led by strong job gains in employment services.

The mining and logging and information sectors were flat.

Over the two months taken together, the majority of the new jobs were full time - 62,400 versus 35,000 part time. The U-6 rate for Washington through the first quarter 2017 was 10 percent compared to the national rate of 9.5 percent.

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According to data released by the Labour Department on Friday, the total nonfarm payroll employment increased by 211,000 in April, beyond market expectation of 185,000.

But while part-time jobs rose by 49,000, full-time employment fell by 11,600, the Australian Bureau of Statistics said on Thursday. That could worsen if the Malloy administration lays off state employees in response to state government's chronic budget deficit.

Analysts predict that Draghi is likely to reaffirm his commitment to the Bank's accommodating stimulus package and record low interest rates, despite the recent uptick in Eurozone inflation.

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