Original article by Jacob Greber
The Australian Financial Review – Page: 4 : 15-Jun-18
Data from the Australian Bureau of Statistics shows that 12,000 jobs were created in May, although economists had forecast that the economy added 19,000 jobs. An additional 32,600 part-time jobs partially offset the loss of 20,600 full-time positions. The official unemployment rate fell by 0.2 per cent to 5.4 per cent, which is its lowest level since November 2012. Meanwhile, the underemployment rate rose by 0.1 per cent to 8.5 per cent and the proportion of people who are employed but looking for more work was steady at 13.9 per cent.
AUSTRALIAN BUREAU OF STATISTICS, IFM INVESTORS PTY LTD, CAPITAL ECONOMICS LIMITED, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, RESERVE BANK OF AUSTRALIA