Australia’s Jobless Rate Stays Flat at 4.1 Percent
(MENAFN) Australia's unemployment rate stayed flat at 4.1% in May, as per the latest figures released Thursday by the Australian Bureau of Statistics (ABS).
The data showed no change in either the seasonally adjusted or trend measures of unemployment last month, keeping the rate at 4.1%—a level it has held for five months in seasonally adjusted terms and three consecutive months when measured as a trend.
Although the overall jobless rate remained steady, the total number of employed Australians dipped slightly, with 2,500 fewer people working in May compared to April. However, the broader picture remains positive, with employment up by 329,100 people over the past year—an increase of 2.3%. That’s well above the decade-long pre-pandemic average growth rate of 1.7%.
This decline follows a strong surge of 89,000 additional jobs recorded from March to April.
The ABS also reported that labor force participation eased marginally to 67% in May, a slight drop from 67.1% in April.
Meanwhile, Australians clocked more hours on the job in May, with total hours worked rising 1.3% month-on-month and 3.1% year-on-year to reach 1.99 billion.
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