Australian unemployment fell by 0.1% to 6.1% in December, an outcome that was well ahead of expectations for an increase to 6.3%

David Scutt

Stonex

Australian unemployment fell by 0.1% to 6.1% in December, an outcome that was well ahead of expectations for an increase to 6.3%. In total 37,400 net jobs were created during the month with full time roles jumping by 41,600, overshadowing a 4,100 decline in part time employment. Despite a small 0.01% uptick in labour market participation to 64.75% the increase in employment was enough to see unemployment dip by 0.1%. (VIEW LINK)


David Scutt
David Scutt
Market Analyst
Stonex

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment
Elf Footer