Australia Jobless Rate at 3-Month High of 5.7% in November


Australia's seasonally adjusted unemployment rate rose to 5.7 percent in November of 2016 from 5.6 percent in October and slightly above market consensus. It was the highest jobless rate since August as the economy added 39,100 jobs while the number of unemployed increased by 17,000.

In November, the seasonally adjusted labour force participation rate came in at 64.6 percent, compared to 64.4 in the prior month.

Employment increased 39,100 to 11,973,200: full-time employment rose 39,300 to 8,166,200 and part-time employment decreased by 200 to 3,807,000.

Unemployment increased 17,000 to 725,200. The number of unemployed persons looking for full-time work increased 15,100 to 512,100 and the number of unemployed persons only looking for part-time work decreased by 1,900 to 213,100.

Seasonally adjusted aggregate monthly hours worked in all jobs decreased 10.4 million hours to 1,663.3 million hours.

Australia Jobless Rate at 3-Month High of 5.7% in November


ABS l Rida Husna | rida@tradingeconomics.com
12/15/2016 12:59:47 AM