Australia’s employment growth is stronger than the pre-pandemic average, with the unemployment rate remaining stable.
Australian Bureau of Statistics (ABS) Head of Labour Statistics Sean Crick said the May employment rate was 4.1 percent and had remained unchanged for three months.
“Despite employment falling by 2000 people this month, it’s up 2.3 percent compared to May 2024, which is stronger than the pre-pandemic, 10-year average annual growth of 1.7 per cent,” Mr Crick said.
“This fall in employment, combined with a drop in unemployment of 3000 people, meant that the unemployment rate remained steady at 4.1 percent for May.”
