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MNI BRIEF: Australia Adds 56k Jobs, Unemployment At 4.0%

MNI (MELBOURNE) - Australia’s unemployment rate rose 10 basis points to 4.0% over December, while the economy added 56,326 jobs, more than the 15,000 expected, data from the Australian Bureau of Statistics showed Thursday. 

“The number of employed people grew by 0.4% in December 2024, slightly higher than the average monthly rise of 0.3% during 2024,” noted Bjorn Jarvis, head of labour statistics at the ABS. “It was also higher than the average monthly population growth of 0.2% over the year.”

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MNI (MELBOURNE) - Australia’s unemployment rate rose 10 basis points to 4.0% over December, while the economy added 56,326 jobs, more than the 15,000 expected, data from the Australian Bureau of Statistics showed Thursday. 

“The number of employed people grew by 0.4% in December 2024, slightly higher than the average monthly rise of 0.3% during 2024,” noted Bjorn Jarvis, head of labour statistics at the ABS. “It was also higher than the average monthly population growth of 0.2% over the year.”

Keep reading...Show less