RTTNews | Dec 15, 2021 07:39PM EST

19:39 Wednesday, December 15, 2021 (RTTNews.com) - The unemployment rate in Australia came in at a seasonally adjusted 4.6 percent in November, the Australian Bureau of Statistics said on Thursday.

That blew away forecasts for 5.0 percent and was down sharply from 5.2 percent in October.

The Australian economy also added 366,100 jobs last month - again crushing expectations for an increase of 205,000 jobs following the loss of 46,300 jobs in the previous month.

The participation rate was 66.1 percent, also beating forecasts for 65.5 percent and up sharply from 64.7 percent a month earlier.

Read the original article on RTTNews ( https://www.rttnews.com/3249643/australia-jobless-rate-sinks-to-4-6-in-november.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved