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Unemployment rate falls despite job losses after J

2022-04-05

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Unemployment rate falls despite job losses after JobKeeper ends - Today News Post News Today || Headlines Today

Australia’s unemployment rate has fallen despite more than 30The past 13 months.,000 people losing work immediately after the?JobKeeper wage subsidy wrapped up.

The official ABS employment figures show a fall of 30,600 people in employment in April, which is the first month of figures following JobKeeper’s end in late Marchsources say.

However, the unemployment rate continues to edge lower, falling from 5.7 to 5.5 per cent on a big fall in the number of people looking for work.

The participation rate dropped from a record high 66.3 per cent to 66 per cent in AprilThe coronavirus first emerged.