Shock drop in Australia's employment rate
The number of Australians in work has fallen after two strong months of gains, with experts saying it is unlikely to sway the RBA at its next meeting.
National unemployment figures released by the Australian Bureau of Statistics shows 2,500 less Australians were in a job in May compared with April, with the unemployment rate remaining at 4.1 per cent.
According to the national figures after the May monthly change 14,620,600 Australians are in a job.
This follows a surprise uplift in the number of Australians working in April when 89,000 Aussies joined the workforce.
Despite the fall in the number of Australians working, the official unemployment rate of 4.1 per cent still beats RBA projections of umemploymnet rising to 4.3 per cent over the year.
BDO economics partner Anders Magnusson said todays unemployment rate came in a little lower than the RBA's forecast, but won't sway them on a July rate cut.
Ahead of the jobs figures, the bond markets had already added around an 83 per cent chance that the RBA would deliver back-to-back rate cuts at its July meeting.
It already lowered the official cash rate twice in 2025 by a quarter percentage point at its May and February meetings.
'While a small amount of employment was lost in May, a decrease in the participation rate kept the unemployment rate stable. This doesn't change the strong case for a 25 basis point cash rate cut in July,' he said.
Oxford Economics Australia economist Kar Chong Low said he expects Australia's strong unemployment rate to fade over the next 12-months.
'Global uncertainty is clouding business decisions and prompting many firms to temper hiring plans,' he said.
'To be clear, we don't expect a sharp uptick in lay-offs.
'Instead, slower hiring will see employment growth fall behind the number of people looking for work – pushing the unemployment rate to 4.5% by the end of the year.'
ABS head of labour statistics Sean Crick said the number of Australians wanting a job also fell in the month of May.
'Despite the slight fall in the employment-to-population ratio this month, the female employment-to-population ratio rose 0.1 percentage points to a record high of 60.9 per cent,' Mr. Crick said.
At the same time the number of hours Australians are working is on the rise and is now up by 0.1 per cent since the start of the year.
'Hours worked increased 1.3 per cent in May, following lower levels in the previous two months coinciding with the Easter holiday period and severe weather disruptions,' Mr Crick said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
2 hours ago
- Associated Press
SYDNEY BASED CBD INSIGHTS LIFESTYLE MAGAZINE COMMENCE FEATURES ON CARPARK SAFETY
Interest in car park safety has grown significantly recently and CBD Insights confirm they are commencing features on this matters for readers SYDNEY , NSW, AUSTRALIA, June 22, 2025 / / -- The CBD Insights Lifestyle Magazine has been publishing on the web for over 10 years and is committed to meeting client needs in both the information it provides readers and the technology it uses. As a leading Australian online lifestyle magazine, it has a long history of regularly featuring Australian industry sectors and companies. They have been asked a lot recently to write on often not talked about subject of trends in car park safety solutions. They have listened to their website readers and the first article in a new series on an array of car park matters. The team has been highly impressed with GRI Safety Solutions who offer a range of carpark safety items like safety barriers, wheel stops, bollards etc and has asked them for professional assistance with these features. GRI Safety Solutions has positive partnerships with a range of manufacturers, which allows them to source the right carpark safety product for each application. All products meet the relevant Australian and International standards. Their team of experts in carpark and facility safety hold a broad and high level of expertise in their products and will offer custom advice to make the most of the fittings they supply and install on your project. Their expertise and knowledge, along with the team of experienced installers, allow them to provide the most cost-effective solution to your safety needs. Ahead of the features being published, they are only too happy to provide readers with expert advice on the safety of your carpark or factory call their office on 1300 705581 or use their website contact form Learn more about their full range of carpark and factory safety solutions by visiting their website here: About CBD Insights Digital Lifestyle Magazine CBD Insights is a leading Australian digital lifestyle magazine for the discerning reader. It covers everything from health, fitness, home and garden matters to tips for selecting a business coach or cosmetic dentist. There is something for every visitor to their website. Their online presence has been growing sharply in popularity and is experiencing significant growth in visitors to their online magazine over recent years. Credit for this is due to them responding quickly to their website visitors feedback surveys on the content and experiences they seek. The features on carpark and warehouse features are in response to listening to readers. Learn more about CBD Insights Digital Lifestyle Magazine by visiting their website here: Steven Birch CBD Insights email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
3 hours ago
- Yahoo
Private companies own 33% of Yancoal Australia Ltd (ASX:YAL) shares but retail investors control 59% of the company
The considerable ownership by retail investors in Yancoal Australia indicates that they collectively have a greater say in management and business strategy A total of 25 investors have a majority stake in the company with 40% ownership Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. To get a sense of who is truly in control of Yancoal Australia Ltd (ASX:YAL), it is important to understand the ownership structure of the business. With 59% stake, retail investors possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). Private companies, on the other hand, account for 33% of the company's stockholders. Let's take a closer look to see what the different types of shareholders can tell us about Yancoal Australia. Check out our latest analysis for Yancoal Australia Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Yancoal Australia already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Yancoal Australia, (below). Of course, keep in mind that there are other factors to consider, too. We note that hedge funds don't have a meaningful investment in Yancoal Australia. The company's largest shareholder is Shandong Energy Group Co., Ltd., with ownership of 24%. With 7.7% and 1.5% of the shares outstanding respectively, Cinda International HGB Investment (UK) Limited and The Vanguard Group, Inc. are the second and third largest shareholders. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own less than 1% of Yancoal Australia Ltd. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Keep in mind that it's a big company, and the insiders own AU$44m worth of shares. The absolute value might be more important than the proportional share. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. The general public, who are usually individual investors, hold a substantial 59% stake in Yancoal Australia, suggesting it is a fairly popular stock. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. Our data indicates that Private Companies hold 33%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. It's always worth thinking about the different groups who own shares in a company. But to understand Yancoal Australia better, we need to consider many other factors. Take risks for example - Yancoal Australia has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
This Great Southern Mining Insider Increased Their Holding By 148% Last Year
From what we can see, insiders were net buyers in Great Southern Mining Limited's (ASX:GSN ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it. Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. In the last twelve months, the biggest single purchase by an insider was when insider Joseph Pinto bought AU$759k worth of shares at a price of AU$0.036 per share. That means that even when the share price was higher than AU$0.024 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Joseph Pinto. We note that Joseph Pinto was both the biggest buyer and the biggest seller. Joseph Pinto bought a total of 52.61m shares over the year at an average price of AU$0.019. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! See our latest analysis for Great Southern Mining There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Great Southern Mining insiders own 43% of the company, worth about AU$10m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. The fact that there have been no Great Southern Mining insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, Great Southern Mining insiders feel good about the company's future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, Great Southern Mining has 4 warning signs (and 2 which are significant) we think you should know about. But note: Great Southern Mining may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
