5.7% — men hit worst as unemployment rises

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5.7% — men hit worst as unemployment rises

The unemployment rate in Australia rose by 0.2 percentage points in May to 5.7%, with men losing jobs at three times the rate of women.

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The unemployment rate in Australia rose by 0.2 percentage points in May to 5.7%, with men losing jobs at three times the rate of women.
 
In April the unemployment rate was 5.4%.
 
The May figures show full time jobs decreased by 26,200, but the number of part-time jobs increased.
 
Seasonally adjusted ABS figures released today show the male unemployment rate increased by 0.3 percentage points to 5.9%, and the female unemployment rate increased by 0.1 percentage points to 5.4%.
 
Overall, unemployment increased by 27,200 to 651,200. The number of people looking for full-time work increased by 30,000 to 482,600, and the number looking for part-time work decreased by 2800 to 168,600.
 
Employment decreased by 1700 to 10,793,100. Full-time employment decreased by 26,200 to 7,643,100, and part-time employment increased by 24,500 to 3,150,000.
 
The participation rate increased by 0.1 percentage point to 65.5%.
 
On the trend estimates (monthly change):
  • Employment decreased to 10,788,100.
  • Unemployment increased to 654,900.
  • Unemployment rate increased to 5.7%.
  • Participation rate remained steady at 65.5%.
Details
 
Details on the latest unemployment figures are can be seen here
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