Australia Unemployment Rate Down to 5.5% in May
Australia's seasonally adjusted unemployment rate was estimated at 5.5 percent in May, as announced by the Australian Bureau of Statistics on June 13th. While the number of employed increased by 1,100 to 11,663,300, the number of unemployed decreased by 3,600 to 682,900.
The increase in employment was due to increased part-time employment, up 6,400 people to 3,509,600, offset by decreased full-time employment, down 5,300 to 8,153,600. The increase in total employment was mainly driven by an increase in male part-time employment.
The ABS monthly seasonally adjusted aggregate hours worked series showed a decrease in May, down 11.5 million hours to 1,628.5 million hours.
The ABS reported a seasonally adjusted labour force participation rate decrease of 0.1 percentage points to 65.2 per cent in May.
6/13/2013 11:21:43 AM