Joblessness rate rose despite 61,500 new jobs because the number of people seeking work also grew strongly
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Australia’s employers went on a late-year hiring binge in November, adding an extra 2,000 people per day even in a month that included a Reserve Bank interest rate rise.
The economy added 61,500 jobs last month, all but 4,500 of them full-time ones, the Australian Bureau of Statistics said. Economists had forecast the economy would swell their workforces by 11,500 jobs.
Continue reading…Joblessness rate rose despite 61,500 new jobs because the number of people seeking work also grew stronglyFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s employers went on a late-year hiring binge in November, adding an extra 2,000 people per day even in a month that included a Reserve Bank interest rate rise.The economy added 61,500 jobs last month, all but 4,500 of them full-time ones, the Australian Bureau of Statistics said. Economists had forecast the economy would swell their workforces by 11,500 jobs. Continue reading…