Cash upbeat as job figures defy gloom

Original article by David Uren
The Australian – Page: 4 : 16-Dec-16

Australia’s official unemployment rate rose from 5.6 per cent in October 2016 to 5.7 per cent in November. It has increased by 0.7 per cent in the last 12 months, although the Budget had forecast a 1.75 per cent increase. The figures show that some 39,300 full-time jobs were created in November, but the number of full-time positions fell by more than 45,000 overall in the first 11 months of the year. The youth unemployment rate has risen from 12.5 per cent to 14.6 per cent.

CORPORATES
AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN LABOR PARTY, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

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