Jobs are on song as the pressure steps up

Rising job figures in April have clipped the unemployment rate, giving policymakers more support as they chart the challenging path to non-mining sector growth.

The Australian jobs market remains in good shape. Employment rose 50,100 in April after falling 31,200 in March and rising 71,700 in February. In the first four months of 2013, employment has risen by 102,900 or an average of just under 26,000 per month. The unemployment rate edged down to 5.5 per cent, from 5.6 per cent, in April but remains 0.5 per cent above the level of a year earlier.

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