7 Dec 2012

Unemployment continues to fall in Australia

7:34 am on 7 December 2012

Unemployment has continued to fall in Australia.

Official figures show unemployment dropped from 5.4% to 5.2% in November, with 13,900 jobs created in the month.

The ABC reports that many economists thought falling job advertisements as well as public sector job shedding would push up the unemployment rate.

But while the number of full-time positions fell by 4200, almost 14,000 part-time jobs were added.

The result pushed the Australian dollar higher and weakened the chance of an interest rate cut early next year.