Australia's Jobless Rate at 19-Month Low


Australia's seasonally adjusted unemployment rate surprisingly decreased to 5.8 percent in November of 2015 from 5.9 percent a month earlier and was the lowest since May 2014. The economy added 71,400 jobs, the largest gain since July 2000, and the number of unemployed declined by 2,800.

The seasonally adjusted labour force participation rate increased to 65.3 percent from 65.0 percent in October.

Employment increased to 11,900,600: full-time employment rose 41,600 to 8,205,800 and part-time employment was up by 29,700 to 3,694,800.

Unemployment decreased by 2,800 to 739,100. The number of unemployed persons looking for full-time work decreased 9,400 to 517,400 and the number of unemployed persons only looking for part-time work increased by 6,600 to 221,700.

Seasonally adjusted aggregate monthly hours worked in all jobs decreased 12.7 million hours (+0.8 percent) to 1,645.9 million hours.

Australia


ABS l Rida Husna | rida@tradingeconomics.com
12/10/2015 1:36:43 AM