11 Dec 2014

Aussie jobless rate tipped to hit high

8:55 am on 11 December 2014

The number of Australians with jobs is expected to have increased in November, but not enough to stop the unemployment rate rising to a 12-year high.

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Photo: AFP

November jobs figures out today were likely to show a rise in the unemployment rate from October's 6.2 percent to 6.3 percent.

That was despite an expected rise in the number of people with jobs to 15,000, according to an AAP survey of 15 economists.

JP Morgan chief economist Stephen Walters said employment Australian growth was being held back by weak spending across the economy and was not keeping up with population growth.

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