No Change to Australian Unemployment Rate in May Despite Job Market Tightening

A woman walks past an employee at a department store in Melbourne, Australia, on Oct. 28, 2020. William West/AFP via Getty Images

The Australian jobless rate remained unchanged at a nearly 50-year low of 3.9 percent in May despite over 60,000 people getting a job.

At the same time, the Australian Bureau of Statistics (ABS) reported the underemployment rate dropped to 5.7 percent, hitting the lowest level since August 2008.