Full-time jobs falling in new Aust economy
Finance Report Source: AAP
Full-time jobs are declining in Australia as the economy switches from mining to services with an accompanying rise in part-time employment. The number of people with jobs rose 17,900 in May, all of them part-time, the Australian Bureau of Statistics said on Thursday. Full-time employment growth was flat in the month after falling 27,300 over the previous two months. In other words no new full-time jobs have been created in Australia since February. The rise in part-time work in May managed to hold the unemployment rate flat at 5.7 per cent. Commonwealth Bank senior economist Michael Workman said the numbers reflected the transition of the economy from mining to services.
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