A hard slog ahead for the labour market

Despite an improvement in labour market conditions in April, there will be a range of obstacles that will challenge the labour force in the short and long term.

The unemployment rate might have peaked, but there remain considerable challenges to overcome if labour market conditions are to improve significantly. The budget next week marks the first of those challenges.

On a seasonally adjusted basis, the unemployment rate remained at 5.8 per cent in April, beating market expectations, and is 0.2 percentage points higher over the year. The trend measure was a touch higher at 5.9 per cent.

Graph for A hard slog ahead for the labour market


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles