Employment data for Australia, May
Employment Change for May: +42.0 K
- expected +15.0K, prior -13,700, revised from -2.9K
Unemployment Rate: 6.0%
- expected 6.2%, prior 6.1%, revised from 6.2%
Full Time Employment Change: 14.7 K
- prior was -23.9K, revised from -21.9K
Part Time Employment Change: 27.3 K
- prior was +10.3K, revised from +19.0K
Participation Rate: 64.7 %
- expected is 64.8%, prior was 64.7%, revised from 64.8%
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This is a volatile data series at the best of times and here are still questions surrounding its veracity
Some responses I'm seeing (via Twitter):
- Growth deniers are clowns ...
- another wild result from the ABS dart-board
- A beautiful set of numbers. Low wages growth supporting jobs growth in the services sector
- ABS notes problem with its WA figures - employment for WA, in original terms, was unparalleled compared to previous May results
- Another strong jobs report. Naysayers will say too good to be true; some truth in that. But maybe things aren't so bad after all.
