Australian employment continues to rise in March 2023, with unemployment rate stable at 3.5%

The Australian Bureau of Statistics has released key labor force statistics for March 2023. The trend unemployment rate remained at 3.5%, while the participation rate increased to 66.8%, and employment increased to 13,883,100. However, the underemployment rate increased to 6.1%, and monthly hours worked increased to 1,910 million. In seasonally adjusted terms, employment increased to 13,884,400, with full-time employment up by 72,200, while part-time employment decreased by 19,200. However, the underemployment rate increased to 6.2%, and monthly hours worked decreased to 1,914 million.

https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release