The Australian Bureau of Statistics released its labour market data on Thursday. Australia's unemployment rate declined to 6.0% in May from 6.1% in April, beating expectations for a rise to 6.2%. April's figure was revised down from 6.2%.

The number of employed people in Australia climbed by 42,000 in May, exceeding expectations for an increase by 11,000, after a decline by 13,700 in April. April's figure was revised down from a decrease by 2,900.

The increase in employment was driven by a rise in part-time employment for females, which gained by 29,800, and full-time employment for males, which increased by 15,900.

Full-time employment rose by 14,700, while part-time employment increased by 27,300.

The participation rate was 64.7%.