The national jobless rate remains at a near 50-year-low as rebounding economy faces labor shortages from lack of migration
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Australia’s jobless rate remained steady in November even as the economy added about 2,000 jobs a day, underscoring the tight conditions in the labour market.
The unemployment rate last month was 3.4% with employers taking on 64,000 extra positions, more than half of them full time, the Australian Bureau of Statistics said on Thursday. Economists from the ANZ and CBA forecast the rate would remain at October’s 3.4% rate with a net increase of about 15-20,000 jobs.
Continue reading…The national jobless rate remains at a near 50-year-low as rebounding economy faces labor shortages from lack of migrationFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s jobless rate remained steady in November even as the economy added about 2,000 jobs a day, underscoring the tight conditions in the labour market.The unemployment rate last month was 3.4% with employers taking on 64,000 extra positions, more than half of them full time, the Australian Bureau of Statistics said on Thursday. Economists from the ANZ and CBA forecast the rate would remain at October’s 3.4% rate with a net increase of about 15-20,000 jobs. Continue reading…