Australia's unemployment rate increased in December as the country shed thousands of full-time jobs in the Christmas season, escalating concerns that the economy is slowing down.
The Australian Bureau of Statistics (ABS) said that the seasonally-adjusted unemployment rate increased 0.1 percentage point from November to 5.4 percent in December.
The number of people employed decreased by 5,500 to 11,538,900 in December. Full-time employment... (Continue Reading)
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