Australia’s unemployment rate fell slightly last month, down 0.1 per cent after the economy added 40,000 new jobs.

New data from the Australian Bureau of Statistics put the jobless rate for May at 4 per cent, down from April’s measure of 4.1 per cent.

“With employment rising by around 40,000 people and the number of unemployed falling by 9000 people, the unemployment rate fell to 4.0 per cent,” ABS head of labour statistics Bjorn Jarvis said.

Workers are seen taking down cladding ahead of the first view of the North Sydney Metro station, in North Sydney, Friday, 31 May 2024.
Australia’s unemployment rate has fallen slightly. (Sam Mooy/The Sydney Morning Herald)

“In April we saw more unemployed people than usual waiting to start work. Some of the fall in unemployment and rise in employment in May reflects these people starting or returning to their jobs.

“While the total number of unemployed people fell by 9000 in May, this followed a 33,000 increase in April. Unemployment was around 24,000 people more than in March, an average increase of around 12,000 people each month.

“There are now almost 600,000 unemployed people, however, that is still nearly 110,000 fewer people than in March 2020, just before the pandemic.”

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

The cities and towns Aussies are fleeing to as ‘second wave’ exodus begins from Sydney and Melbourne

Australia is facing a second exodus from unaffordable major cities – with…

George Conway Makes the Case for Trump's Assassin

The Trump Deranged are even more Trump deranged after the assassination attempt.…

Lionel Messi’s murky injury status leads one MLS team to offer wild ticket deal

The Chicago Fire are igniting fans to attend Soldier Field on Aug.…

Madonna’s son David Banda, 18, is ‘scavenging’ for food and selling guitar lessons in NYC despite mom’s $850M fortune – after moving out of her house: ‘It’s fun to be young’

Madonna’s son, David Banda, revealed that he is living a humble life…