New data details the unemployment rate has remained consistent on April results, sitting at 3.9% for May.
Remaining stable, seasonally adjusted employment increased by 0.5% or 61,000 people in May.
Unemployment also increased by 8,000 people, with the participation rate increasing by 0.3 percentage points to a new record high of 66.7%.
Data published by the ABS has largely consistent with forecasts of ANZ economists, who flagged an unemployment rate of 3.8% and employment to grow by 60,000 people.
ABS Head of Labour Statistics Bjorn Jarvis said the increase in the number of employed people in May followed a smaller increase of 4,000 people in April, which coincided with Easter, school holidays, impacts from floods and ongoing disruptions associated with the Omicron variant.
“The increase in May 2022 was the seventh consecutive increase in employment, following the easing of lockdown restrictions in late 2021," Mr Jarvis said.
"Average employment growth over the past three months continues to be stronger than the pre-pandemic trend of around 20,000 people per month.”
The underemployment rate fell 0.4 percentage points to 5.7% - the lowest rate since August 2008.
Further, the underutilisation rate which combines the unemployment and underemployment rates decreased 0.3 percentage points to 9.6% marking the lowest level in 40 years.
This data comes following the decision by the Fair Work Commission on Wednesday to increase the minimum wage by 5.2%.
"Unemployment rate remains steady at 3.9%" was originally published on Savings.com.au and was republished with permission.