Unemployment rate rises to 4.1pc

Unemployment rate is ticking higher

Employment rose +38,500 in April, all driven by part-time jobs, but this was partly due to seasonality issues and the timing of public and school holidays (and indeed, I predicted the strong gain on Twitter ahead of time). 

Employment is at a record high 14.3 million, having increased by +151,000 in the past 3 months.

Despite this, with the population booming the unemployment rate rose more than expected to 4.1 per cent, and clearly the trend is going to be higher from here. 

Roy Morgan Research also recorded a hump in unemployment in April, and the ABS figures also showed that labour force slack is increasing. 

The number that matters for policy is rising unemployment rate, and markets have priced out any further tightening.

More people employed than ever before is still decent news, though!

James Foster added the further texture is his Macro View blog here. 

---

P.S. Whenever you’re ready…here are 5 ways I can help you manage your own money and go next level wealth:

1. Boom or Bust – 20 minute online workshop for investors

Register for my next free online training - Boom or Bust? How to change your investment plan - book in here

You also download a free copy of my e-book The Only 6 Ways to Become Wealthy here.

    2. Download our property buying guide

Download our free property buying guide here. 

You can also check out a few of our recent property investment purchases here. 

Get in contact with us today if strategic property investment is your thing. 

    3. Subscribe to our Top 10 Podcasts for Investors

Listen in to our podcasts

The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with over 32,000 unique listeners per month.

And our popular Low Rates High Returns Show also remains available on Spotify.

    4. Subscribe for my free daily blog

Subscribe for my free daily blog with over 3.6 million hits here. 

You can also catch up with me daily on Twitter here, where I'm active daily and have over 14,000 followers. 

By the way, I'm a 7-times published author on finance and investing, so you can check out some of my books here.

My new book, co-authored with Cate Bakos is available to pre-order here or on Amazon here - follow our book release and forthcoming release on Facebook here and at our Buy Right podcast series here. 

5. Work with me privately

For a limited time you can book in a free diagnosis call with me here, so book in a call today.