Australia: Unemployment rate edges down
January 15, 2015
In December, the labor market gained 37,400 jobs compared to the previous month, in seasonally-adjusted terms, which was below the revised 45,000 jobs gain in November (previously reported: 42,700 gain). The figure overshot market expectations of a 5,000 gain. The increase in jobs was driven by a rise in full-time positions (41,600 created), whereas the number of new part-time positions generated decreased compared to last month.
Labor market participation increased slightly to 64.8% in December from November’s 64.7%. The unemployment rate fell from November’s 6.2% to 6.1% in December.