ABS employment in detail: Turning point

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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:

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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.