Employment figures lift as pressure comes off employees

OFFICIAL figures show unemployment eased slightly to 5.5 per cent, but with almost no new jobs created.

The official Bureau of Statistics estimates show unemployment dipped modestly from an upwardly revised 5.6 per cent in April to 5.5 per cent in May.

The fall in unemployment was driven more by a 0.1 percentage point fall in the participation rate than it was by an increase in jobs.

Participation measures those people in work or actively looking for a job, and a fall in the rate can reflect discouraged job seekers giving up the search for work.

Only 1,100 new positions were estimated to have been created last month, with full-time employment down 5,300 and part-time jobs increasing by 6,400.

Read more at ABC news online.



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