Jobless rate edges up to 5% for March

Australia’s unemployment rate rose 0.1 percentage points in March to a seasonally adjusted 5.0 per cent, despite the overall number of people in work ticking higher.

Full-time employment rose by 48,300 during the month, but Thursday’s data from the Australian Bureau of Statistics showed a 22,600 fall in the number of people employed part-time.

Unemployment increased by 17,100 to 680,000 persons.

The monthly seasonally adjusted underemployment rate increased 0.1 points to 8.2 per cent, while the underutilisation rate increased 0.2 points to 13.2 per cent.

The March participation rate increased 0.1 points to 65.7 per cent.

Queensland reported the greatest increase in employment, up 10,400 people for the month, followed by Victoria with a 10,000-person increase.

New South Wales fell the furthest, down 2,600 people, followed by Tasmania, down 1,800 people.

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