Australia's Unemployment Rate was steady at 4.1% in May from 4.1% in April, official data released by the Australian Bureau of Statistics (ABS) showed on Thursday. The reading was in line with market consensus.
Furthermore, Australia's Employment Change came in at -2.5K in May from 87.6K in April (revised from 89K), compared to consensus estimates of 25K.
The participation rate in Australia eased to 67.0% in May, compared to 67.1% in April. Meanwhile, Full-Time Employment increased by 38.7K in the same period from 58.6K in the previous reading (revised from 59.5K). Part-Time Employment decreased by 41.2K in May compared to 29K previously (revised from 29.5K).(alg)
Source: FXstreet
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