Headline unemployment rate eases but trend unemployment highest in four years
Australia’s unemployment rate slipped to 4.4 per cent in May, down from 4.5 per cent in April, in seasonally adjusted terms. Data show 40,300 extra people gained employment in May, and the number of unemployed people declined by 18,300. But in trend terms, which smooths out seasonal volatility, the unemployment rate lifted slightly to 4.4…