Jan 13, 2016
Australia’s unemployment rate to rise in December, participation rate to fall
Australia will release its December jobs report tomorrow. The jobs market is believed to have weakened in December. Markets broadly expect unemployment rate to rise to 5.9 per cent in December after having decreased to 5.8 per cent in November. November’s unemployment rate was the lowest since May 2014. In November, the economy had added 71,400 jobs, the largest gain since March 2012, while the number of unemployed had declined by 2,800. In October too the jobs report was strong. October saw 56,000 jobs being added. The October-November figures suggested that the growth in these months was the strongest two-month period of employment growth since the 1980s.
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