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Australia May Unemployment Rate 4.0%

AUSTRALIA DATA
MNI (Singapore)

In trend terms, in May 2024:

  • unemployment rate increased to 4.0%.
  • participation rate remained at 66.7%.
  • employment increased to 14,355,100.
  • employment to population ratio remained at 64.1%.
  • underemployment rate remained at 6.7%.
  • monthly hours worked increased to 1,958 million.

In seasonally adjusted terms, in May 2024:

  • unemployment rate decreased to 4.0%.
  • participation rate remained at 66.8%.
  • employment increased to 14,355,600.
  • employment to population ratio remained at 64.1%.
  • underemployment rate remained at 6.7%.
  • monthly hours worked decreased to 1,951 million.
  • full-time employment increased by 41,700 to 9,899,900 people.
  • part-time employment decreased by 2,100 to 4,455,700 people.
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