Australia Dec unemployment 4.6 pct, steady vs Nov - UPDATE |
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Published
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Thu, 11 Jan 2007 02:04
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SYDNEY (XFN-ASIA) - The unemployment rate was a seasonally adjusted 4.6 pct in December, unchanged from November, the Australian Bureau of Statistics (ABS) said.The December jobless rate was below the market consensus forecast of a rise to 4.7 pct for the second consecutive month.The ABS said that on a seasonally adjusted basis the number of people employed increased by 44,600 to 10.3373 mln compared with consensus forecasts of a 15,000 rise.Full-time employment increased 17,700 to 7.3822 mln while part-time employment rose 26,900 to 2.9551 mln.The number of people looking for work rose by 2,300 to 501,800. Of these, the number looking for full-time work increased 1,400 to 359,500 while the number looking for part-time work rose to 142,400.The participation rate for the month increased to 64.9 pct on a seasonally adjusted basis from 64.8 pct in November.The ABS provided the following table:December 2006 November 2006Seasonally AdjustedJobless rate 4.6 pct 4.6 pctEmployed 10.3373 mln 10.2927 mlnUnemployed 501,800 499,600Full-time employed 7.3822 mln 7.3645 mlnPart-time employed 2.9551 mln 2.9282 mlnParticipation rate 64.9 pct 64.8 pctTrendJobless rate 4.6 pct 4.6 pctEmployed 10.3111 mln 10.2996 mlnUnemployed 498,000 501,200paul.daniel@xfn.com
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