Article 6H4G0 Australia’s unemployment rate ticked higher in November at 3.9% but hiring numbers also up

Australia’s unemployment rate ticked higher in November at 3.9% but hiring numbers also up

by
Peter Hannam Economics correspondent
from World news | The Guardian on (#6H4G0)

Joblessness rate rose despite 61,500 new jobs because the number of people seeking work also grew strongly

Australia's employers went on a late-year hiring binge in November, adding an extra 2,000 people per day even in a month that included a Reserve Bank interest rate rise.

The economy added 61,500 jobs last month, all but 4,500 of them full-time ones, the Australian Bureau of Statistics said. Economists had forecast the economy would swell their workforces by 11,500 jobs.

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