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Financial News: Australia Jobless Rate Falls To 5.2% In November

Australia Jobless Rate Falls To 5.2% In November

12/18/2019 - 19:45:00 (RTTNews)

(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 5.2 percent in November, the Australian Bureau of Statistics said on Thursday.

That was beneath expectations for 5.3 percent, which would have been unchanged from the October reading.

The Australian economy added 39,900 jobs last month to 12,954,400, blowing away expectations for an increase of 15,000 jobs following the loss of 19,000 jobs a month earlier.

Full-time employment increased by 4,200 to 8,837,300 people and part-time employment increased by 35,700 to 4,117,200 people.

The participation rate remained steady at 66.0 percent.

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