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Australia Unemployment December 2023

Australia: Unemployment rate stable in December

Seasonally-adjusted employment fell by 65,100 in December, following 72,600 jobs added in November. December’s result was driven by a decline in full-time employment more than offsetting an increase in part-time employment.

The seasonally-adjusted unemployment rate was stable at November’s 3.9% in December. Meanwhile, the seasonally-adjusted underemployment remained at November’s 6.5%, while the participation rate decreased to 66.8% from November’s 67.2%.

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