Employment in detail: Good from afar but far from good

Thursday 14 June 2018

As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for May, which registered a 12,000 increase in total employment and a decrease in the headline unemployment rate to 5.4% from 5.6%, driven by falling labour force participation.

In trend terms, the unemployment rate fell marginally from 5.48% to 5.46%:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.