7 Nov 2013

Australian unemployment edges up

3:39 pm on 7 November 2013

Job creation in Australia's economy remains sluggish, with the latest figures showing unemployment edged up slightly during October.

Joblessness has been creeping higher in Australia since its lows of 4% in 2008.

The figures from the Bureau of Statistics show the unemployment rate rose to 5.7% in October on a seasonally adjusted basis.

The rise follows an unexpected drop to 5.6% the month before.

Economists say about 15,000 jobs must be created each month to keep employment steady, the ABC reports. In October just 1100 jobs were added.

The proportion of people in work or looking for work fell again in October to 64.9%. It is now at the lowest level in seven years.

However, the number of hours worked by people who do have a job rose.

The Australian dollar fell after the announcement on Thursday.