Australia Jobless Rate Up To 6-Month High of 5.8%


Australia's seasonally adjusted unemployment rate rose to 5.8 percent in December of 2016 from 5.7 percent in November. The figure came in slightly above market expectations of 5.7 percent to hit the highest level since June, as the economy added 13,500 jobs while the number of unemployed increased by 14,700.

In December, the seasonally adjusted labour force participation rate was up to 64.7 percent from 64.6 in the prior month.

Employment increased by 13,500 to 11,985,900 and higher than markets consensus of 10,000 : full-time employment rose 9,300 to 8,176,500 and part-time employment increased by 4,200 to 3,809,500.

Unemployment increased 14,700 to 741,100. The number of unemployed persons looking for full-time work increased 15,000 to 528,900 and the number of unemployed persons only looking for part-time work decreased by 300 to 212,200.

Seasonally adjusted aggregate monthly hours worked in all jobs increased 6.9 million hours to 1,670.4 million hours.

ABS l Rida Husna | rida@tradingeconomics.com
1/19/2017 1:11:28 AM