Unemployment Down To 5.0% December 2010

Unemployment Down To 5.0% December 2010

Australian Bureau Of Statistics

Australia’s Unemployment Rate Decreased 0.2 Percentage Points To 5.0 % In December 2010

Victor P Taffa

The Australian Unemployment Rate decreased 0.2 Percentage Points to 5.0 % in December, as announced by the Australian Bureau of Statistics today.

The ABS reported the number of people employed increased by 2,300 people to 11.417 million, seasonally adjusted, in December. The rise in employment was driven by an increase in full-time employment, up 1,700 people to 8.034 Million and an increase in part-time employment, up 600 people to 3.383 Million.

The number of people unemployed decreased by 25,400 people to 598,700 in December, reported the ABS.

The ABS seasonally adjusted monthly aggregate hours worked series showed a decrease in December, down 3.4 million hours to 1,599.0 Million Hours.

The ABS reported labour force participation in December of 65.8 %, a decrease of 0.2 Percentage Points from November.

DECEMBER KEY FIGURES

Nov 2010

Dec 2010

Nov 10 to Dec 10

Dec 09 to Dec 10


Trend
Employed persons (‘000)

11, 392.8

11, 418.1

25.3

3.3

%
Unemployed persons (‘000)

621.2

618.8

-2.5

-4.1

%
Unemployment rate (%)

5.2

5.1

0.0

pts

-0.4

pts
Participation rate (%)

65.9

66.0

0.1

pts

0.6

pts
Seasonally Adjusted
Employed persons (‘000)

11, 415.1

11, 417.4

2.3

3.3

%
Unemployed persons (‘000)

624.1

598.7

-25.4

-8.1

%
Unemployment rate (%)

5.2

5.0

-0.2

pts

-0.6

pts
Participation rate (%)

66.0

65.8

-0.2

pts

0.4

pts