Australia Tasa De Desempleo

The seasonally adjusted unemployment rate in Australia unexpectedly stood at 3.5% in December 2022, unchanged from an upwardly revised figure in November and compared with market estimates of 3.4%. The latest print remained near five-decade lows, as the number of unemployed increased by 5,800 to 499,800, with people looking for full-time jobs rising by 1,400 to 326,100, and those part-time work up by 4,400 to 173.600. Meantime, employment unexpectedly fell by 14,600 to 13.75 million, the first drop since July, missing forecasts of a rise of 22,500, as part-time employment dropped 32,200 to 4,128,100 while full-time employment rose 17,600 to 9,619,000. The participation rate fell to 66.6% from a record high of 66.8% in November, below consensus of 66.8%. The underemployment rate went up to 6.1% from 5.8%; while the underutilization rose to 9.6% from 9.3% which was the lowest rate since February 1982. Monthly hours worked in all jobs fell by 9 million, or 0.5%, to 1,888 million hours.