Home News Featured News Australia’s unemployment rate rises despite record new jobs

Australia’s unemployment rate rises despite record new jobs

Author

Date

Category

- Advertisement -

By HR ASIA

Australia’s unemployment rate rose slightly, to 6.3 per cent, in November, despite the creation of more than 40,000 jobs during the month.

The Australian Bureau of Statistics said on Thursday that the number of people employed rose by 42,700 to 11.64 million in November, against market expectations of 15,000 newly employed and compared with a revised 13,700 in October.

The participation rate climbed from 64.6 per cent of the population to 64.7 per cent.

- Advertisement -

“>

It was the fastest pace of jobs growth since March 2012, but also the highest unemployment rate for more than 12 years. Before rounding off, the official unemployment rate climbed from 6.25 per cent to 6.26 per cent.

The figures were much better than expected, and the Australian dollar spiked about half a US cent before retreating a little to settle around US83.60 cents.

However, the ABS said many of the new jobs – in fact 36,400 – were part-time positions for women. A total of 23,300 men were newly employed, offset by a net fall in overall jobs for women of 21,400.

Total full-time employment increased by 1,800 jobs, while the aggregate monthly hours worked dropped 4.4 million hours, or 0.3 per cent.

ANZ said the figures were “slightly better than the market expected, and suggested labour market conditions improved modestly in November”.

news source & image credits: theage.com.au

HR NEWS in ASIA

Via:: http://www.hrinasia.com/hr-news/australias-unemployment-rate-rises-despite-record-new-jobs/

      

- Advertisement -

Design submitted by Temasek Polytechnic students selected as logo for Budget 2021

Deputy Prime Minister and Minister for Finance Heng Swee Keat revealed that a design submitted by a group of Temasek Polytechnic students has been selected as the logo of Budget 2021, which will be delivered in Parliament right after the Chinese...

MOT launches COVID-19 vaccination exercise for 37,000 aviation and maritime workers

The Ministry of Transport launched the Sea-Air Vaccination Exercise on Monday (18 Jan), to vaccinate 37,000 frontline workers in the aviation and maritime industry. Airplane and port pilots, cabin crew, cargo handlers, transit lounge workers, local seafarers, ship and plane repair technicians...

Cancer stricken teacher who continued to help students during treatment passes away

A veteran teacher, who continued to teach and help her students without rest despite suffering from cancer, passed away on Saturday (16 Jan). 60-year-old Ng Su Lan was so dedicated to her students that she led classes every day until the final...