Australia unemployment drops to 5.8pc

AFP, SYDNEY: Australia’s unemployment rate dropped for the second-straight month in November, data showed Thursday, signalling an improvement in the domestic economy even as concern grows about a slowdown in the nation’s largest trading partner China.
The jobless rate was a seasonally adjusted 5.8 per cent in November, down from 5.9 per cent the previous month and 6.2 per cent in September, the Australian Bureau of Statistics said.
Some 71,400 jobs were added to the economy in November, about 41,600 full-time positions and around 29,700 part-time.
The latest figure of 5.8 per cent—the lowest reading since April 2014 -- surprised the market, with the Australian dollar jumping almost one US cent to 73.32 US cents after the data release.
Economists had expected the unemployment data to worsen slightly to 6.0 per cent after October’s improved figure.

Australia unemployment drops to 5.8pc

AFP, SYDNEY: Australias unemployment rate dropped for the second-straight month in November, data showed Thursday, signalling an improvement in the domestic economy even as concern grows about a slowdown in the nations largest trading partner China. The jobless rate was a seasonally adjusted 5.8 per cent in November, down from 5.9 per cent the previous month and 6.2 per cent in September, the Australian Bureau of Statistics said. Some 71,400 jobs were added to the economy in November, about 41,600 full-time positions and around 29,700 part-time. The latest figure of 5.8 per centthe lowest reading since April 2014 -- surprised the market, with the Australian dollar jumping almost one US cent to 73.32 US cents after the data release. Economists had expected the unemployment data to worsen slightly to 6.0 per cent after Octobers improved figure.