Jobless rate falls to 5.5 pc in December

Australia's unemployment rate fell to 5.5 percent in December as 35,200 people joined the workforce

Jobless rate falls to 5.5 pc in December
Jobless rate falls to 5.5 pc in December
January 14, 2010

Australia’s unemployment rate fell 0.1 percent to 5.5 percent in December as an extra 35,200 people joined the workforce, according to ABS data out today.

Queensland also posted a promising result, with the unemployment rate falling to 5.9 percent (seasonally adjusted terms) in December compared to 6.1 percent the previous month.

The number of people employed in December increased to 10.906 million nationally, driven by a rise in part-time employment (up 27,900 persons) together with a rise in full-time employment (up 7,300 persons).

ABS data also shows the number of people unemployed decreased by 10,600 in December to 639,400.

Meanwhile, the seasonally adjusted monthly aggregate hours worked series showed a slight fall in December, down 1 million hours to 1,535.6 million hours.

The ABS participation rate in December remained at 65.2 percent.

Today’s unemployment
figures come as business confidence and job ads continue to accelerate; indicating a promising year for the economy.

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