Unemployment flat at 5.7% in May
AUSTRALIA’S unemployment rate was flat at 5.7 per cent in May, official figures show, which was better than market expectations.
AUSTRALIA’S unemployment rate was flat at 5.7 per cent in May, official figures show, which was better than market expectations.
The total number of people with jobs rose by 17,900 in the month, the Australian Bureau of Statistics said on Thursday, which was better than expectations of a rise of 17,000.
Fulltime employment was flat, while the number of part-time jobs was up by 17,900.
The participation rate, which refers to the number of people either employed or actively looking for work, was flat to 64.8 per cent.
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