Market news
14.12.2017, 07:20

Australian employment change much higher than expected in November

Trend estimates (monthly change)

  • Employment increased 22,200 to 12,380,100.

  • Unemployment decreased 2,900 to 707,300.

  • Unemployment rate remained steady at 5.4%.

  • Participation rate increased less than 0.1 pts to 65.4%.

  • Monthly hours worked in all jobs increased 3.8 million hours (0.2%) to 1,734.4 million hours.

Seasonally adjusted estimates (monthly change)

  • Employment increased 61,600 to 12,403,000. Full-time employment increased 41,900 to 8,501,900 and part-time employment increased 19,700 to 3,901,100.

  • Unemployment increased 4,100 to 707,700. The number of unemployed persons looking for full-time work increased 2,500 to 489,900 and the number of unemployed persons only looking for part-time work increased 1,700 to 217,800.

  • Unemployment rate remained steady at 5.4%.

  • Participation rate increased 0.3 pts to 65.5%.

  • Monthly hours worked in all jobs increased 9.8 million hours (0.6%) to 1,740.9 million hours.

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