Australia’s unemployment rate rose to 6.3% in November – the highest since 2002, government data showed.
The figure was up 0.1% from October despite 42,700 jobs being added to the economy, the Australian Bureau of Statistics (ABS) said.
Only 1,800 of those roles were full-time work, but the overall figure was higher than the 15,000 forecasted.
A higher participation rate – people in work or looking for it – offset the job gains, raising the jobless rate.
In reaction to the mixed data, Australian shares headed lower with the benchmark S&P/ASX 200 down 0.5% to 5,231 points.
via BBC
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