As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for May, which registered a weak 500 increase in total employment and a flat headline unemployment rate (still 5.2%), driven by a 0.05% fall in labour force participation. However, the underemployment rate fell by 0.4%.
In trend terms, the unemployment rate rose marginally to 5.2%:
Again, total employment rose by a seasonally adjusted 500 to 12,871,700. Full-time jobs rose by 21,100, whereas part-time employment fell by 20,600:
Advertisement
