November employment data was a bit weaker than expected, with the number of people employed falling by 6,300, although revisions to previous months partially offset this decline.
Seasonally adjusted
- Employment decreased by 6,300 (0.1%) to 11,457,100.
- Full-time employment decreased by 39,900 persons to 8,026,300 while part-time employment increased by 33,600 persons to 3,430,800.
- The participation rate decreased 0.1pts to 65.5%.The unemployment rate increased by 0.1 pts to 5.3%.
- Aggregate monthly hours worked decreased 11.3mn hours to 1,616.8mn hours.
Trends
- Employment increased to 11,456,500.
- Unemployment rate steady at 5.3%.
- Participation rate steady at 65.6%.
- Aggregate monthly hours worked decreased to 1,622.2mn hours.
State/territory level
Unemployment rate increased in the states of Victoria from 5.4% to 5.5%, Tasmania from 5.1% to 6.0% and Queensland from 5.7% to 5.8%. Declines from 5.3% to 5.3% in NSW and unchanged in all other states.
Figure 1: Australian unemployment rate
Source: ABS, Barclays Capital
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