Australia Employment Rises Unexpectedly In May
Total employment in Australia increased unexpectedly in May, the latest figures from the Australian Bureau of Statistics showed Thursday.
The number of employed persons rose 1,100 from a month earlier to 11.66 million in May. Economists expected a decline of 10,000. Full-time employment, however, decreased by 5,300.
The unemployment rate fell to 5.5 percent in May from 5.6 percent in April. Unemployment decreased by 3,600 or 0.5 percent month-on-month to to 682,900.
News are provided by InstaForex.