Australia's Jobless Rate Rises to 11-Year High


Australia's seasonally adjusted unemployment rate increased by 0.1 percentage points to 6.3 percent in November 2014 while the number of employed grew the most since March of 2012.

The ABS reported the number of people employed increased by 42,700 to 11,637,400 in November 2014 (seasonally adjusted). The increase in employment was driven by increased part-time employment for females (up 36,400) and full-time employment for males (up 23,300) offset by a fall in female full-time employment (down 21,400). Total full-time employment increased, up 1,800.

The seasonally adjusted labour force participation rate increased 0.1 percentage points to 64.7 per cent in November 2014.

The ABS seasonally adjusted aggregate monthly hours worked series decreased in November 2014, down 4.4 million hours (0.3%) to 1,610.6 million hours.

The seasonally adjusted number of people unemployed increased by 4,700 to 777,700 in November 2014, the ABS reported.

The seasonally adjusted underemployment rate was 8.6 per cent in November 2014, an increase of 0.3 percentage points from August 2014. Combined with the unemployment rate of 6.3 per cent, the latest seasonally adjusted estimate of total labour force underutilisation was 15.0 per cent in November 2014, an increase of 0.6 percentage points from August 2014.

Australia


ABS | anna@tradingeconomics.com
12/11/2014 12:59:29 AM