In trend terms, in May 2024: • Unemployment rate increased to 4.0%. • Participation rate remained at 66.7%. • Employment increased to 14,355,100. • Employment to population ratio remained at 64.1%. • Underemployment rate remained at 6.7%. • Monthly hours worked increased to 1,958 million. In seasonally adjusted terms, in May 2024: • Unemployment rate decreased to 4.0%. • Participation rate remained at 66.8%. • Employment increased to 14,355,600. • Employment to population ratio remained at 64.1%. • Underemployment rate remained at 6.7%. • Monthly hours worked decreased to 1,951 million. • Full-time employment ... (full story)

Australia’s Unemployment Rate dropped to 4.0% in May, compared with the expectations of 4.0% and the previous figure of 4.1%, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. Furthermore, the Australian Employment Change arrived at 39.7K in May from 38.5K in April, compared with the consensus forecast of 30.0K. The participation rate in Australia increased to 66.8% in May, compared to 66.7% in April. Meanwhile, Full-Time Employment increased by 41.7K in the same period from -6.1K in the previous reading. The Part-Time Employment decreased by 2.1K in May versus 44.6K ... (full story)