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Australia's unemployment rate falls

Source : IANS
Last Updated: Thu, Dec 06, 2012 07:40 hrs

Sydney, Dec 6 (IANS) Australia's unemployment rate fell 0.1 percentage point to 5.2 percent in November, the Australian Bureau of Statistics (ABS) announced Thursday.

The ABS reported the number of people employed increased by 13,900 to 11.55 million in November, reported Xinhua.

According to the ABS, the number of part-time jobs rose by 18,100 to 3.41 million in November while full-time jobs fell by 4,200 to 8.13 million.

The number of people unemployed in November decreased by 16,300 to 637,400.

The labour force participation rate in November was 65.1 percent, compared with 65.2 percent in October.

Australia's St George Bank chief economist Hans Kunnen said the fall in unemployment in November showed Australia was doing better than most other places.




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