Australia’s unemployment rate for May falls to 4%

Australia’s unemployment rate fell slightly to 4% in May, according to the Australian Bureau of Statistics.

Australia’s unemployment rate for May falls to 4%

Australia’s unemployment rate – the percentage of people who were looking for work but couldn’t find any – fell slightly to 4% in May, according to the(ABS).

The seasonally adjusted figure is 0.1% lower than the unemployment rate in April.

Seasonal adjustment means the ABS has removed the effects of calendar-specific patterns from the data, like fruit-picking in summer or Christmas casuals in retail in December.

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Therate in May fell by around 9,000 people, bringing the current number of people unemployed in Australia to nearly 600,000.

ABS head of labour statistics Bjorn Jarvis said: “Some of the fall in unemployment and rise in employment in May reflects… people starting or returning to their jobs.”

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