MAY KEY POINTS
TREND ESTIMATES (MONTHLY CHANGE)
- Employment increased to 11,444,200.
- Unemployment decreased to 588,400.
- Unemployment rate steady at 4.9%.
- Participation rate steady at 65.6%.
- Aggregate monthly hours worked increased to 1,602.5 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)
- Employment increased 7,800 (0.1%) to 11,440,500. Full-time employment decreased 22,000 to 8,027,100 and part-time employment increased 29,800 to 3,413,500.
- Unemployment increased 8,900 (1.5%) to 592,800. The number of persons looking for full-time work increased 6,700 to 421,800 and the number of persons looking for part-time work increased 2,200 to 171,100.
- The unemployment rate remained steady at 4.9%. The male unemployment rate decreased 0.2 pts to 4.5% and the female unemployment rate increased 0.4 pts to 5.4%.
- The participation rate remained steady at 65.6%.
- Aggregate monthly hours worked increased 6.4 million hours to 1,601.1 million hours.
LABOUR UNDERUTILISATION (QUARTERLY CHANGE)
- Trend estimates: The labour force underutilisation rate decreased 0.1 pts to 12.0%.
- Seasonally adjusted estimates: The labour force underutilisation rate increased 0.2 pts to 12.2%. The male labour force underutilisation rate increased 0.2 pts to 10.2%. The female labour force underutilisation rate increased 0.2 pts to 14.6%.
Analysis to follow…
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