Canberra, Dec 12
Australia's unemployment rate fell in November, defying the expectations of economists, official data has revealed.
According to monthly labour force figures released by the Australian Bureau of Statistics (ABS) on Thursday, the official unemployment rate was 3.9 per cent in November, down from 4.1 per cent in October and the lowest figure since March, reports news agency.
News Corp Australia newspapers reported that economists had expected unemployment to rise to 4.2 per cent.
Australia's central bank, the Reserve Bank of Australia (RBA), in November, said it expected unemployment to rise to 4.3 per cent by the end of 2024.
However, the ABS said on Thursday that the number of employed Australians rose by 35,600 between October and November, while the number of unemployed people fell by 27,000 in the same period.
The economy added 52,600 full-time jobs between October and November, the ABS said, which was partially offset by a fall in part-time employment of 17,000.