US EditionBreaking: Unemployment Rate Stays Steady at 4.1pc in May
- In May, Australia's unemployment rate held firm at 4.1 percent, as indicated by data released Thursday by the Australian Bureau of Statistics.
- This stability follows a slight employment decline of 2,500 people from April to May, after an 89,000 job increase in April.
- Labour force participation marginally fell to 67 percent, while total hours worked rose 1.3 percent from April to May, reflecting market shifts.
- Treasurer Jim Chalmers noted low unemployment paired with inflation under 2.5 percent and three years of growth, calling it a unique achievement.
- Chalmers said the government and he are prepared to act and will test the country's reform appetite over the coming months.
13 Articles
13 Articles
Australian unemployment rate steady at 4.1 pct
Jobless Rate Holds at 4.1 percent Even as Job Growth Stalls
Australia’s unemployment rate remained steady at 4.1 percent in May, marking the third consecutive month without change, according to the latest figures from the Australian Bureau of Statistics (ABS) released on June 19. The result comes even as total employment dropped slightly by 2,000 people. Despite this monthly dip, employment remains 2.3 percent higher than in May 2024, outpacing the pre-COVID 10-year average of 1.7 percent. “This fall in …
Hiring is picking up, but don't get too excited yet
Australia’s employment market is showing tentative signs of stabilisation after years of decline, with job advertisement volumes rising for two consecutive months for the first time since 2022, according to SEEK’s latest Employment Report for May 2025. The data reveals a complex picture of an employment market in transition, where job opportunities are slowly recovering while salary growth moderates from previous highs. Job market stabilisation …
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