Part-time workers drive jobs spike

Original article by John Kehoe
The Australian Financial Review – Page: 5 : 21-Dec-18

Official data shows that the Australian economy added 37,000 jobs in November, with a 43,400-strong increase in part-time jobs offsetting the loss of 6,400 full-time positions during the month. The data shows that full- and part-time jobs have grown by 180,200 and 105,500 respectively over the last year. Meanwhile, Australia’s official unemployment rate rose from five per cent to 5.1 per cent in November, while the labour market participation rate increased by 0.2 per cent to 65.7 per cent.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, AUSTRALIAN LABOR PARTY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, CAPITAL ECONOMICS LIMITED, COMMONWEALTH SECURITIES LIMITED, INDEED INCORPORATED, RESERVE BANK OF AUSTRALIA

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