US EditionShock jump in Australia’s employment rate
- Australia's employment grew by 390,000 people, a 2.7% increase over the last 12 months, reaching a 64.4% employment-to-population ratio in April 2025.
- This growth exceeded the 2.1% population rise for those aged 15 and over, partly driven by increased female participation and influenced by the recent federal election campaign.
- In April, employment rose by 89,000 with the unemployment rate steady at 4.1%, while participation rates increased by 3 percentage points to 67.1%.
- Wages increased 3.4% over the year to March, surpassing the 2.4% inflation rate, with public sector wages growing faster than private sector ones according to ABS data.
- The strong job figures and wage growth suggest a tightening labor market, but economists expect these trends to be short-lived and anticipate a cautious Reserve Bank rate cut next week.
14 Articles
14 Articles
Aussies get pay boost not seen for almost a year ahead of rate cut call
Annual wage growth has increased for the first time since last June in a larger-than-expected rise that is unlikely to change the Reserve Bank's thinking when it meets to discuss interest rates next week.Wages rose by 0.9 in the March quarter, higher than what economists had predicted, and 3.4 per cent over the last 12 months, according to the Australian Bureau of Statistics' wage price index.It's the first time the annual measure has increas…
Canberra CityNews
PerthNowWages growth jumps unexpectedly higher to 3.4 per cent
The wages data could play a role in the central bank’s upcoming rates decision. (Dave Hunt/AAP PHOTOS) By Jacob Shteyman in Canberra Wages rose by a higher-than-expected 3.4 per cent over the year to March, arresting a slide in the rate of growth. The latest Australian Bureau of Statistics figures show wages lifting 0.9 per cent in the three months to March, from a 0.7 per cent rise in the previous quarter. Workers saw their wages grow one per c…
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