Australia jobs fall -2.5k in May, but full-time hiring and hours worked offer Support – Action Forex
May’s Australian employment data surprised to the downside, with a -2.5k decline compared to expectations of a 19.9k gain. Yet beneath the weak headline, the composition was stronger than it appears: full-time jobs surged 38.7k while part-time jobs plunged by -41.1k. Unemployment rate was unchanged at 4.1%, and the participation rate edged down from 67.1%to…