November jobless rate edges higher to 5.1%

The seasonally adjusted unemployment rate for November edged higher to 5.1 per cent, with a 12,500 increase in the number of people without jobs, the ABS says.

Labour force

The seasonally adjusted unemployment rate for November edged higher to 5.1 per cent, the ABS says. (AAP) Source: AAP

Australia's jobless rate increased from a six-year low to a seasonally adjusted 5.1 per cent in November, despite market expectations the figure would remain unchanged.

Part-time employment drove a 37,000 increase in the number of people with jobs during the month, better than a consensus expectation of 20,000 extra jobs, but Thursday's data from the Australian Bureau of Statistics also showed overall unemployment increased by 12,500 people to 683,100.

This included a 6,400 drop in the number of people in full-time employment.

Chief Australia Economist for BIS Oxford Economics, Sarah Hunter, said the data confirmed her view that, while the labour market is steadily moving towards full employment, there is still spare capacity to absorb.


"This will keep pressure on wages low, and while some sectors are now showing signs of labour shortages, it will be some time yet before we see a broad-based acceleration in wages growth," Ms Hunter said.

Overall male unemployment increased by 11,500 persons in November, while female unemployment increased 1,000 persons.

The monthly seasonally adjusted underemployment rate increased to 8.5 per cent, while the monthly underutilisation rate increased to 13.6 per cent.

The November participation rate increased slightly to 65.7 per cent, while seasonally adjusted monthly hours worked in all jobs went the other way, decreasing by 3.3 million hours or 0.2 per cent.

The Australian dollar was largely unchanged on the release of the data, buying 71.03 US cents at 1208 AEDT.


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Presented by Justin Sungil Park
Source: AAP

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