12 Nov 2010

Australia unemployment rate up despite jobs boost

5:37 am on 12 November 2010

Australia's rate of unemployment has gone up, despite nearly 30,000 more jobs being created in October.

The unemployment rate jumped from 5.1% in September to 5.4% in October, because the number of people looking for work has increased.

The participation rate has increased by 0.3 percentage points to a record high of 65.9%.

That is generally seen as a good sign by economists, as it tends to indicate people are confident of finding work if they look, the ABC reports.

However, in contrast to recent months, it was a surge in part-time employment that boosted the figures, with an extra 43,800 part-time jobs. Full-time employment fell by 14,100.