Advanced Search

Share Coverage



Category: Economic Trends / Money and Monetary Policy / Unemployment

Unemployment rises to 5.7pc despite 39,300 extra full-time jobs

Thursday, 15 Dec 2016 08:37:17 | Michael Janda

The ABS estimated 39,300 full-time jobs were added, 200 part-time jobs lost. (AAP: Lukas Coch)

Australia's unemployment rate has edged up from 5.6 to 5.7 per cent, despite the creation of nearly 40,000 full-time jobs last month.

The Bureau of Statistics survey estimates that 39,300 full-time jobs were created in November, with only 200 part-time jobs lost.

The proportion of people in work or looking for it rose from 64.4 to 64.6 per cent, which explains why the unemployment rate increased even though there was strong job creation last month.

The rise in full-time work also appears to be reflected in a falling underutilisation rate, which measures both the unemployed and the underemployed (those who are not working as many hours as they want).

Underutilisation eased 0.2 percentage points to 14.1, led by a decline in male underutilisation.

However, in seeming contrast to all of these numbers, monthly hours worked dropped slightly.

More to come.

AustraliaPlus


 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend