Australia’s jobless rate remained steady in November even as the economy added about 2,000 jobs a day, underscoring the tight conditions in the labour market.
The unemployment rate last month was 3.4% with employers taking on 64,000 extra positions, more than half of them full-time, the Australian Bureau of Statistics said on Thursday. Economists from the ANZ and CBA forecast the rate would remain at October’s 3.4% rate with a net increase of about 15,000 to 20,000 jobs.
