Financial Times FT.com

Australian jobless rate remains at 30-year low

By Virginia Marsh in Sydney

Published: April 7 2005 12:04 | Last updated: April 8 2005 05:40

Employment in Australia was unexpectedly strong last month, keeping the country's jobless rate at a near 30-year low of 5.1 per cent.

All but 5,400 of the 57,800 new jobs were part-time, but economists said Thursday’s data still underlined the continuing tightness in the labour market and kept alive the prospect of a further increase in interest rates.

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