Jobless rate still excessively high: Labor

Federal Labor believes the jobless rate is still "excessively high" despite falling to its lowest level in a year.

New figures show 42,000 people obtained employment in May, pushing the jobless rate down to six per cent compared with a revised 6.1 per cent in April.

"We have almost 750,000 Australians still on the unemployment queues and for that reason the government needs to do more," Opposition employment spokesman Brendan O'Connor told reporters in Melbourne on Thursday.