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The seasonally adjusted Australian unemployment rate was 5.2 per cent in November, as announced by the Australian Bureau of Statistics (ABS) today....

19 January 2012

The ABS reported the number of people employed decreased by 29,300 to 11,421,300 in December. The decrease in employment was driven by drop in part-time employment, down 53,700 people to 3,370,300, and was offset by an increase in full-time employment, up 24,500 people to 8,051,000.

The number of people unemployed decreased by 3,800 people to 629,900 in December, the ABS reported.

The ABS monthly aggregate hours worked series showed an increase in December, up 5.6 million hours to 1,622.0 million hours.

The ABS reported a decrease in the labour force participation rate of 0.3 percentage points in December to 65.2 per cent.

The ABS reported the latest estimate of total seasonally adjusted labour force underutilisation was 12.6 per cent.

More details are in the December 2011 issue of  Labour Force, Australia (cat. no. 6202.0), as well as the upcoming December 2011 issues of Labour Force, Australia, Detailed, (cat. no. 6291.0.55.001), both due for release next week on January 25. Both publications are available for free download from the ABS website - www.abs.gov.au

Excerpt from Australian Bureau of Statistics (ABS) Media Release, 19 January 2012 (www.abs.gov.au)