The Australian Bureau of Statistics released its labour market data on Thursday. Australia’s unemployment rate remained unchanged at 5.7% in May, in line with expectations.
The number of employed people in Australia increased by 17,900 in May, beating forecast of a rise by 15,000, after a gain by 900 in April. April’s figure was revised down from a rise by 10,800.
Full-time employment was flat in May, while part-time employment climbed by 17,900.
The participation rate remained unchanged at 64.8% in May.
The post Australia’s unemployment rate remains unchanged at 5.7% in May appeared first on forex-analytics.press.