Unemployment increases slightly

By webmaster 08 June 2012 | 1 minute read

After a positive result last month, unemployment rose slightly in May in seasonally adjusted terms.

According to new data from the Australian Bureau of Statistics, Australia's seasonally adjusted unemployment rate increased 0.2 percentage points to 5.1 per cent in May.

However, there was an increase in the labour force participation rate of 0.3 percentage points in May to 65.5 per cent.

The ABS reported the number of people employed increased by 38,900 to 11,537,900 in May.

The increase in employment was driven by increased full-time employment, up 46,100 people to 8,107,900, and was offset by a decrease in part-time employment, down 7,200 people to just under three and a half million.

The number of people unemployed increased by 22,400 people to 622,800 in May.



Unemployment occurs when a skilled worker or a professional who wants to work is unable to find jobs.

Unemployment increases slightly
spi logo

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.