Australia's Unemployment Rate Up to 5.8% in November


Australia's jobless rate increased by less than 0.1 percentage points to 5.8 percent in November 2013 (seasonally adjusted) from 5.7 percent reported a month earlier. The number of unemployed persons increased by 3,400 to 712,500.

Seasonally adjusted full-time employment rose in November 2013, up 15,500 persons to 8,107,900 persons, while part-time employment increased by 5,500 persons to 3,552,000 persons. The increase in total employment resulted from: an increase in male full-time employment, up 21,500 persons, an increase in female part-time employment, up 13,700 persons, a decrease in male part-time employment, down 8,200 persons, a decrease in female full-time employment, down 6,000 persons.

The seasonally adjusted underemployment rate decreased 0.2 percentage points to 7.6 per cent in November 2013. Combined with the unemployment rate of 5.8 per cent, the latest seasonally adjusted estimate of total labour force underutilisation decreased 0.3 percentage points to 13.4 per cent in November. In trend terms, the underemployment rate increased 0.1 percentage points to 7.8 per cent in November 2013 and total labour force underutilisation increased 0.3 percentage points to 13.7 per cent.

November 2013 saw the seasonally adjusted participation rate remain steady at 64.8%. The trend participation rate decreased 0.1 percentage points to 64.8% in November 2013 when calculated using unrounded estimates.

The seasonally adjusted number of employed persons increased by 21,000 in November 2013 to 11,659,900 persons. In trend terms, employment increased by 1,800 persons to 11,645,500 persons in November 2013. The employment to population ratio, which expresses the number of employed persons as a percentage of the civilian population aged 15 years and over, remained steady at 61.1% (seasonally adjusted). The trend employment to population ratio decreased 0.1 percentage points to 61.0%.

ABS | anna@tradingeconomics.com
12/12/2013 12:39:59 AM