Unemployment up in May

Unemployment up in May

Only 0.1 per cent

Unemployment continues to inch upwards, according to the Australian Bureau of Statistics (ABS) May results.

Seasonally adjusted unemployment is up 0.2 per cent to 5.7 per cent, while the seasonally adjusted total of unemployed rose by 27,200 to 651,200.

This follows the surprise result for April when the unemployment rate dropped, despite the dour economic conditions.

The news comes on the back of the Olivier Job Index showing a 5.19 per cent drop in job ads for the month of May.

Despite this, those with jobs are experiencing a surge of confidence, according to recruitment firm, Hudson.

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Tags ABSAustralian Bureau of Statistics

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