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Australia December Jobless Rate Falls To 5.0%

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The jobless rate in Australia came in at a seasonally adjusted 5.0 percent in December, the Australian Bureau of Statistics said on Thursday.

That was below expectations for 5.1 percent, which would have been unchanged from the November reading.

The Australian economy added 21,600 jobs last month - beating forecasts for the addition of 18,000 following the 37,000 jump in the previous month.

Full-time employment decreased 3,000 to 8,678,800 and part-time employment increased 24,600 to 4,035,300. Unemployment decreased 14,100 to 666,700.

The monthly trend underemployment rate increased less than 0.1 pts to 8.4 percent. The monthly underutilization rate remained steady at 13.4 percent.

The monthly seasonally adjusted underemployment rate decreased 0.1 pts to 8.4 percent. The monthly underutilization rate decreased 0.2 pts to 13.3 percent.

The participation rate came in at 65.6, shy of forecasts for 65.7, which would have been unchanged.

Monthly hours worked in all jobs increased 1.3 million hours to 1758.9 million hours.

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