Australia Jobless Rate Climbs To 4.0% In December

(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 4.0 percent in December, the Australian Bureau of Statistics said on Thursday - in line with expectations and up from 3.9 percent in November.

The Australian economy added 56,300 jobs last month, blowing away expectations for an increase of 14,500 following the downwardly revised gain of 28,200 in November (originally 35,600 jobs).

Full-time employment was down 23,700 jobs, while part-time employment jumped by 80,000.

The participation rate was 67.1 percent, beating forecasts for 67.0 percent - which would have been unchanged.