Australia adds 21,600 jobs in December, jobless rate drops to 5.0%


The Australian unemployment rate dropped to 5.0 percent in December, even as the economy added 21,600 jobs, the latest data published by the Australia Bureau of Statistics (ABS) showed this Thursday. The markets were expecting a job addition of 16,500.  Employment for the previous month was 37,000 addition.

Meanwhile, full-time jobs came in at -3,000 compared to -6,400 seen in November. The part-time employment rose 24,600 versus 43,400 last. The participation rate slipped to 65.6% in the reported month versus 65.7% previous.

Dec Key Points (Source: ABS)

Employment increased 23,100 to 12,711,600. Full-time employment increased 11,800 to 8,697,600 and part-time employment increased 11,200 to 4,014,000.

Unemployment decreased 3,200 to 670,900.

The unemployment rate remained steady at 5.0%.

Participation rate remained steady at 65.6%.

Monthly hours worked in all jobs increased 1.1 million hours to 1759.9 million hours.

Seasonally adjusted estimates (Monthly change)

Employment increased 21,600 to 12,714,100. Full-time employment decreased 3,000 to 8,678,800 and part-time employment increased 24,600 to 4,035,300.

Unemployment decreased 14,100 to 666,700.

Unemployment rate decreased 0.1 percentage points (pts) to 5.0%.

Participation rate decreased by less than 0.1 pts to 65.6%.

Monthly hours worked in all jobs increased 1.3 million hours to 1758.9 million hours.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD rebounds after dismal US PMIs

EUR/USD is trading closer to 1.0850, rising in response to weak US PMIs, with the services one pointing to contraction. Earlier, German Manufacturing PMI beat estimates. 

EUR/USD News

GBP/USD advances to 1.2950 after US data

GBP/USD is trading around 1.2950, taking advantage of US weakness stemming from a downfall in Markit's Services PMI in the US. In Britain, the Manufacturing PMI exceeded estimates. 

GBP/USD News

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Consolidation process underway

The Crypto board continues to be immersed in an emotional leg-breaking, consistently punishing the emotional state of the traders with its continuous changes of direction.

Read more

XAU/USD unstoppable, breaks to fresh 2020 highs, approaching $1650/oz

XAU/USD is trading in an uptrend above its main daily simple moving averages (SMAs) while breaking above a bull channel. Gold is printing fresh 2020 highs hitting $1646.64 per ounce on an intraday basis.  

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex MAJORS

Cryptocurrencies

Signatures