Australian unemployment rate at 14-year low

11 December 2003


The Australian Bureau of Statistics (ABS) announced today that over 20,000 new jobs were created in Australia in November of this year, which means that the unemployment rate has dropped to 5.6%, a 14-year low.

Statistics show that full-time staff positions increased by as much as 27,900 positions but that part-time jobs fell, keeping the total employment opportunities down to 20,700.

In spite of market predictions, which expected only an increase of 10,000 jobs, the past few months have seen the lowest jobless rate in Australia since December 1989.

Australian Employment Minister Kevin Andrews emphasized that the statistics reflect Australia's strong job market and he claimed that the future was bright for the unemployment rate, which could decrease even further if the Senate passed more industrial reforms.