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- Australian employment change rose more than expected in May
Australian employment change rose more than expected in May
Trend estimates (monthly change):
Employment increased 25,200 to 12,122,100.
Unemployment decreased 4,800 to 729,200.
Unemployment rate remained steady at 5.7%.
Participation rate remained steady at 64.8%.
Monthly hours worked in all jobs increased 2.9 million hours (0.18%) to 1,677.7 million hours.
Seasonally adjusted estimates (monthly change):
Employment increased 42,000 to 12,152,600. Full-time employment increased 52,100 to 8,287,400 and part-time employment decreased 10,100 to 3,865,200.
Unemployment decreased 18,600 to 711,900. The number of unemployed persons looking for full-time work decreased 23,000 to 489,300 and the number of unemployed persons only looking for part-time work increased 4,400 to 222,700.
Unemployment rate decreased by 0.2 pts to 5.5%.
Participation rate increased by less than 0.1 pts to 64.9%.
Monthly hours worked in all jobs increased 31.1 million hours (1.87%) to 1,695.3 million hours.
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