Australia April 2025 unemployment rate 4.1% (vs. 4.1% expected) & Employment Change +89.0K

Wow! Big jobs added number, >4* expected! The bulk of that full-time.

This is going to fuel speculation of no Reserve Bank of Australia rate cut next week. Expectations were widely held of a 25bp cut on May 20. Mix in a calming of Trump’s trade wars and its not too much of a stretch to see the Reserve Bank of Australia on hold next week. The meeting is live.

Employment Change +89.0K

• expected +20K, prior +32.2K

Full-Time Employment +59.5K

Part-Time Employment +29.5K

Unemployment Rate 4.1%

• expected 4.1%, prior 4.1%

Participation Rate 67.1%, a record high

• expected 66.8%, prior 66.8%

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