SYDNEY – Australia’s job market demonstrated consistent growth last month as employers added nearly 18,000 new positions, according to employment data released Thursday by the Australian Bureau of Statistics.
The March employment figures showed a net gain of 17,900 jobs compared to February’s revised increase of 49,600 positions. This growth aligned closely with economic forecasts that predicted approximately 20,000 new jobs for the month.
The most significant development was a substantial surge in full-time employment, which expanded by 52,500 positions after experiencing a notable decline the previous month.
Australia’s unemployment rate remained unchanged at 4.3% in March, matching analyst expectations. Meanwhile, workforce participation decreased slightly from 66.9% to 66.8%. Total hours worked across the economy increased by 0.5% during the reporting period.
