Australia's unemployment rate was unchanged in May, at 5.70%, data from the Australian Bureau of Statistics showed on Thursday. The unemployment rate matched forecasts. On the month, the Australian economy added 17.9k jobs in May, rising above forecasts of 15k jobs. However, April's job numbers were revised lower to show a net job gain of only 800 jobs on the month, down from 10.6k jobs as reported previously. The new jobs came mostly from part-time workers, which increased from 19.1k from the previous month. Full time jobs were flat, after falling 18.2k in April. Australia's labor force participation rate was at 64.80% in May, unchanged from April.
BoE holds interest rate steady
Daily Analysis - 17/06/2016