Wednesday, January 13, 2010

Is Australia in Full Recovery Mode?

The Australian details:

Australia's unemployment rate fell to a seasonally adjusted 5.5 per cent in December from 5.6 per cent in November.

Total employment rose by 35,200 to 10,906 million in December, the Australian Bureau of Statistics said.

Economists on average had expected an unemployment rate of 5.8 per cent in December, with the number of employed up 10,000.

The number of people in full-time work rose 7300 to 7.64 million in December, from 7.63m, while the number of people in part-time work rose 27,900 to 3.27m from 3.24m.


A commodity driven economy that has a close proximity to one of the world's fastest growing / largest commodity importing economy (China). A beautiful thing...

Source: ABS