The nationwide jobless fee has stayed at 3.4 per cent, with 64,000 jobs added to the economic system.
A 66.8 per cent participation fee was recorded for the month of November.
The Australian Bureau of Statistics revealed its newest labour pressure figures on Thursday, revealing the newest fluctuations in Australia’s ultra-competitive jobs market.
“With increases in both employment (up 64,000 people) and unemployment (up 7000 people), the unemployment rate remained steady at 3.4 per cent, while the participation rate increased to 66.8 per cent,” Bjorn Jarvis, head of labour statistics on the bureau, stated.
Strong demand for labour all through the pandemic restoration has stored the jobless fee within the mid-threes since June.
In October 32,200 jobs had been added to the economic system, driving the jobless fee again to three.4 per cent from 3.5 per cent in September.
Although job vacancies and advertisements have come off their elevated peaks, one other low jobless learn was anticipated given the enduring warmth within the jobs market.
But a weakening within the jobless fee is predicted as financial situations worsen.
The jobs market is already displaying indicators of reaching capability, with commercial numbers falling in November for the sixth month in a row.
