Jan 17, 2013

Jobless rate steady — despite Campbell Newman’s efforts

Australia's December 2012 unemployment rate has edged closer towards 5.4%. But a comparison with 2011 shows the jobs market is more resilient than most punters give it credit for.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

Australia finished 2012 with a jobs market showing more signs of softness as the unemployment rate edged higher to 5.4%.

The seasonally adjusted unemployment rate rose 0.1% from the revised November rate of 5.3% (which was originally reported as a fall of 0.1% to 5.2%), according to today’s report from the Australian Bureau of Statistics. On a trend basis (which attempts to smooth out the bumps in the seasonally adjusted data), the rate was 5.4%.

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One thought on “Jobless rate steady — despite Campbell Newman’s efforts

  1. paddy

    Possum’s graph says it all really.

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