More jobs, low unemployment and lower inflation under Labor

The Albanese Labor Government continues to deliver more jobs, with ABS Labour Force data today showing a record number of Australians in paid work and unemployment remaining low.

It is the only time since records began that the unemployment rate has been in the low 4s concurrently with headline and underlying inflation in the RBA’s target band.

The number of employed people in Australia has reached 14,642,700 with 64.4 per cent of the population now in a job and the participation rate is at 67.1 per cent, both near record highs.

The unemployment rate remains low at 4.1 per cent, and a total of 89,000 new jobs were created in April.  

This is another very encouraging set of jobs data which shows the progress we are making together in our economy.

More than 1.1 million jobs have now been created under the Albanese Government, a higher rate of employment growth than any major advanced economy.

Full-time work was up by 59,500. The number of women in work was up by 65,300 jobs.

Today’s jobs figures follow data yesterday showing annual real wages have grown for 18 consecutive months.

Inflation is down, real wages are up, unemployment is low, interest rates have started to fall, every taxpayer is getting a tax cut and all this means living standards are growing again.

Minister for Employment and Workplace Relations Amanda Rishworth welcomed the jobs growth.

“Under Labor, more people are working, earning more and keeping more of what they earn,” Minister Rishworth said.

“Delivering more jobs and higher wages is one of the best ways we can support Australians with cost-of-living pressures.”

Treasurer Chalmers said the resilient labour market is helping us weather global uncertainty.   

“Amid all the uncertainty and volatility in the global economy, our labour market remains an encouraging source of strength,” Treasurer Chalmers said.

“Low unemployment and much lower inflation is a remarkable combination and means we are well placed and well prepared for the challenges coming at us from abroad.”