Australia's employment rebounds in May and the unemployment rate drops slightly

金十2026/06/25 02:20

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Golden Ten Data reported on June 25 that data released on Thursday showed Australia's job market rebounded in May, and the unemployment rate fell from its highest level in four and a half years. This indicates increased economic resilience, which could support further interest rate hikes if necessary. According to the Australian Bureau of Statistics, net employment increased by 40,300 in May compared to April, while the revised net employment for April was 40,600. This figure exceeded the market expectation of a 30,000 recovery but was partially offset by the significant downward revision of the April data. The unemployment rate fell as expected from 4.5% to 4.4%, and the labor force participation rate rose slightly to 66.7%. However, total hours worked in May saw a sharp decline of 1.1%.

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