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Unemployment rate falls to 5.5pc in Australia.

Unemployment rate

Source: Getty Images

Australia's unemployment rate has tumbled to 5.5 per cent as another 42,200 jobs were created in May.

The figures easily beat the market's consensus of a net 10,000 gain in job and the unemployment rate remaining steady at 5.7 per cent.

In seasonally adjusted terms, the number of full time jobs rose by 52,000, while part time employment fell by 10,000.

It is the eighth consecutive month full time employment has risen, with 124,000 full time jobs created since September 2016.


1 min read

Published

By Madhura Seneviratne

Source: ABC Australia




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