Highs all round: Australia unemployment, youth unemployment and job creation hit multi-year highs The ABS released their November labour force survey earlier...

Highs all round: Australia unemployment, youth unemployment and job creation hit multi-year highs The ABS released their November labour force survey earlier today with the data portraying a mixed picture on the state of the labour market. Unemployment rose to 6.3% from 6.2% to reach the highest level since October 2002 while at the same time job creation accelerated at the fastest pace since March 2012. 42.7k net jobs were created, well above the 15k increase expected, with part time employment doing all of the heavy lifting with a gain of 40.9k reported. (VIEW LINK)