Australia's jobless rate stands at 5.8 percent in May

(MENAFN) Data showed that the Australian unemployment rate remained stable at 5.8 percent in May for the third consecutive month, with the total number of jobs falling, The Peninsula Qatar reported. The Figures, which are released by the Australian Bureau of Statistics, contrasted with analysts' projections of a rise in the jobless rate to 5.9 percent. Full-time jobs in the country jumped by 22,200, while part-time positions fell by 27,000 to take the number of people employed in the country to 11.564 million. "While employment declined unexpectedly in May, there might be seasonal adjustment issues given that employment has fallen in May in six of the past seven years," senior economist said.