The number employed persons in Australia unexpectedly increased in May, owing to an increase in part-time employment, the latest report from the Australian Bureau of Statistics showed Thursday. The report also revealed a marginal dip in the unemployment rate.
The number of employed persons rose 1,100 from a month earlier to 11.66 million in May. Economists expected a decline of 10,000. This comes after a month-on-month gain of 45,000 in April.
“Overall May data was a better than expected print on employment but it was still a soft report on the state of the Australian labour market,” Westpac Institutional Bank said in a note.
The statistical office report showed that full-time employment decreased by 5,300 between April and May, which was offset by an increase of 6,400 part-time jobs.
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via Australia Reports Unexpected Job Gains; Unemployment Rate Falls.
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