Unemployment falling and employment rising in Australia in May
June 13, 2024
The Australian unemployment rate fell to 4.0% in May from 4.1% previously, in line with forecasts, according to official data released by the Australian Bureau of Statistics (ABS) on Thursday. Employment rose by 39.7k from 38.5k in April, exceeding the consensus forecast of 30.0k. The Australian participation rate rose to 66.8% in May from 66.7% in April.
