Australia's Jobless Rate Falls to 6% in May


Australia's seasonally adjusted unemployment rate decreased to 6.0 percent in May of 2015 from a revised 6.1 percent reported in the previous month and beating market forecasts, as the economy added 42000 jobs and the number of unemployed declined by 22000.

The seasonally adjusted labour force participation rate remained steady at 64.7 percent from a revised April 2015 estimate. 

Employment increased to 11,759,600. Full-time employment rose by 14,700 to 8,128,600 and part-time employment increased by 27,300 to 3,630,900 persons in May 2015 (seasonally adjusted). Unemployment decreased by 22,000 to 745,200. 

The number of unemployed persons looking for full-time work decreased 23,500 to 514,500 and the number of unemployed persons only looking for part-time work increased 1,500 to 230,800.

Seasonally adjusted aggregate monthly hours worked series increased 2.2 million hours (0.1 percent) in May 2015 to 1,631.8 million hours.

Australia


ABS l Rida Husna l rida@tradingeconomics.com
6/11/2015 6:23:02 AM