Australia's unemployment rate holds at 4.1% in May: ABS

The employment-to-population ratio and participation rate each dipped by 0.1 percentage points, to 64.2 per cent and 67 per cent respectively. Notably, the female employment-to-population ratio reached a record high of 60.9 per cent. Monthly hours worked increased by 1.3 per cent, following earlier disruptions from Easter and adverse weather.

Underemployment fell to 5.9 per cent, down from 6.7 per cent in May 2024, while the underutilisation rate declined to 9.9 per cent—its lowest since March 2020, the ABS said in a press release.

Trend data showed employment growth of 28,000 people, with full-time and part-time jobs rising by 20,500 and 7,500 respectively. Full-time positions totalled over 10.1 million, while part-time employment accounted for 31 per cent of the workforce.

ALCHEMPro News Desk (SG)