Australia Unemployment December 2015

Australia

Australia: Unemployment rate stable in December

January 14, 2016

In December, the labor market lost 1,000 jobs compared to the previous month, in seasonally-adjusted terms. The decrease was a drastic deterioration over November’s 74,900 increase. December’s tally surprised markets, which had expected a much larger decrease of 12,500 jobs in December. December’s result was driven by an increase in the number of full-time jobs, and a decrease in the number of part-time jobs. The number of part-time positions fell by 18,500 jobs (November: +27,600 jobs), while the number of full-time positions increased by 17,600 jobs (November: +47,300 jobs).

The labor market participation rate inched down to 65.1% in December from 65.3% in November. The unemployment rate held steady at November’s 5.8% in December.

Met the why particular panelists expect the unemployment rate to average 5.8% in 2016, which is also unchanged from last month’s forecast. In 2017, the panel expects that the unemployment rate will be 5.8%.


Author:, Economist

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Australia Unemployment Chart


Australia Unemployment December 2015

Note: Seasonally-adjusted unemployment rate in % and new jobs in thousands.
Source: Australian Bureau of Statistics.


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