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Australia job market strength keeps rate rises in play
Australia’s unemployment rate fell and the economy added more jobs than expected in May, keeping the door open for the central bank to raise interest rates further in its bid to tame inflation. Unemployment fell to 4.4% in May from 4.5% in April, with total employment rising by 40,300, the Australian Bureau of Statistics said Thursday. Economists had expected the jobless rate to fall but only anticipated about 32,000 additional jobs. The economy added back almost all the 40,700 jobs the ABS said were lost in April, when the unemployment rate hit its highest level since November 2021. Full-time employment rose by ... (full story)
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In seasonally adjusted terms, in May 2026: • the employment-to-population ratio increased 0.1ppts to 63.8%. • the unemployment rate decreased by 0.1ppts to 4.4%. In trend terms, in May 2026: • the employment-to-population ratio remained at 63.8%. • the unemployment rate increased marginally to 4.4%. tables In May 2026, employment increased by 40,300 ...
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- Jun 24, 11:00pm | 19 hr ago Posted byFundamental Analysis1721
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