Australian Unemployment Rate Rises To 5.3% In November

According to the Australian Bureau of Statistics, Australia's unemployment rate rose by 0.1 percentage points to 5.3% in November. Economists were projecting an unemployment rate of 5.2%. The number of employed dropped by 6,300 to 11.46 million. However, full-time employment in November declined by 39,900 to 8.03 million.