The treasurer said it highlights the strength of Australia's economic recovery, even as the JobKeeper wage subsidy came to an end in March.

"It shows that the Morrison government's economic plan is working," Mr Frydenberg told reporters in Hobart on Thursday.

He said the underemployment rate - those people who are employed but are seeking extra work - has fallen to its lowest level in seven years and youth unemployment is down at a 12-year low.

The Australian Bureau of Statistics did revise up the jobless rate for March to 5.7 per cent from 5.6 per cent, but Thursday's labour force report still showed it steadily declining from 6.9 per cent in October.

However, the ABS figures show that overall employment fell by 30,600 in the month, largely as result in a sharp drop in part-time workers.

Economists had expected a 20,000 increase.

The number of part-time workers fell by 64,400 in April but was partly offset by a 33,800 rise in full-time staff.

Employment Minister Stuart Robert said full-time employment is at a record high of 8.9 million and is now 24,600 higher than its pre-COVID level in March 2020.

"With a jobs-led recovery at the heart of the 2021/22 budget, the government is securing Australia's future by rebuilding the economy and creating more sustainable jobs," Mr Robert said.

But deputy Labor leader Richard Marles said the government's plan is not delivering for Australians, with wage growth around record lows.

"What Labor stands for is to have a plan that builds the economy and people see their circumstances getting better," he told reporters in Melbourne.

Figures released on Wednesday showed annual wages growth at 1.5 per cent, only marginally above inflation at 1.1 per cent.

It was the first jobs report since the JobKeeper wage subsidy ended in March.

However, the ABS said the end of JobKeeper did not have a discernible impact on employment between March and April.

"We have not seen large changes in the indicators that would suggest a clear JobKeeper impact," ABS head of labour statistics Bjorn Jarvis said.

"Some of the 31,000 fall in employment may relate to the end of JobKeeper, but it could also reflect usual month-to-month variation in the labour market and some larger than usual seasonal changes similar to those we saw earlier in the year."

In a speech this week, Treasury secretary Steven Kennedy was more optimistic about what impact the end of JobKeeper might have on employment, having previously estimated up to 150,000 jobs could be lost.

Dr Kennedy said the early indications are that while there have been job losses, many workers appear to have already found employment thanks to the strong labour market.

"The evidence to date from indicators like job vacancies is that employers are keen to take on more staff," Commonwealth Securities chief economist Craig James said.

"So much so that there are fears about whether all of the available positions will be filled."

However, the Reserve Bank's goal of a 4.5 per cent jobless rate is still some way off, suggesting ultra low interest rates will be around for sometime yet.

Even so, Commonwealth Bank economists are expecting the jobless rate to keep falling in coming months to five per cent by the end of this year and 4.7 per cent by the end of 2022.

Australian Associated Press