Australia Unemployment


Australia: Unemployment rate inches down in May

June 11, 2015

In May, the labor market gained 42,000 jobs compared to the previous month in seasonally-adjusted terms. The increase contrasted last month’s decrease of 13,700 jobs and surprised analysts who had predicted an increase of 31,000 jobs. The result was driven by a 14,700 rise in full-time employment, while part-time positions increased by 27,300.

The labor market participation rate was stable at 64.7% for the third consecutive month. As a result of the jobs increases, the unemployment rate fell 0.1 percentage points to 6.0% in May.

FocusEconomics panelists expect the unemployment rate to average 6.4% in 2015, which is unchanged from last month’s forecast. In 2016, the panel expects that the unemployment rate will inch down to 6.3%.

Author:, Economist

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Australia Unemployment Chart

Australia Unemployment May 2015

Note: Seasonally-adjusted unemployment rate in % and new jobs in thousands.
Source: Australian Bureau of Statistics.

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