Australia’s unemployment rate edged down for the second consecutive month to end 2019 at 5.1 per cent, its lowest level since March last year.
The improvement was driven by a solid gain of almost 29,000 jobs over December, however this was entirely due to part-time opportunities.
Full time employment fell by 300 jobs over the month.
Australian Bureau of Statistics chief economist Bruce Hockman noted full-time employment growth (1.5 per cent) remained below the average annual growth over the past 20 years while and part-time employment growth (3.2 per cent) was above the average annual growth
“While there has been stronger growth in part-time employment over the past year, the underemployment rate is still where it was last December, at 8.3 per cent,” said Mr Hockman.
More to come.
-ABC
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