Seeking Alpha

Australian unemployment rate inches higher

  • As expected, Australia's jobless rate edged up to 5.8% in November from 5.7% in October as more people entered the labor force.
  • However, the number of people in work rose by 21,000 - the largest increase in seven months - after a fall of 700 and topped consensus of 10,000.
  • The number of full-time jobs increased by 15,500 following a drop of 31,100, while that for part-time positions grew 5,500 vs +28,900.
  • The S&P/ASX 200 is -0.7%, while the AUD-USD is -0.3%. (PR)
  • ETFs: FXA, EWA, AUD, AUSE, CROC, KROO, EWAS, GDAY, FAUS
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