Australia\\\'s unemployment rate remains at 5.8pc
June 13, 2014 00:00:00
SYDNEY, June 12 (AFP): Australia's unemployment rate remained steady at 5.8 per cent for the third straight month in May, data showed Thursday, with the total number of jobs falling in a mixed outlook for the economy.
The figures from the Australian Bureau of Statistics contrasted with analysts' expectations of a rise in the jobless rate to 5.9 per cent with 10,000 new positions created.
"The labour force report for May was softer-than-expected at face value but the details were better," ANZ senior economist Justin Fabo said.