Unemployment Hits 14 Year High

The Unemployment Rate is continuing its stead climb, finishing at a 14 year high at 6.3%, even as the country produced around 43,000 jobs from October to November.

The generated jobs were twice than what was expected, but only 5% of these numbers are full time positions.  Despite the increase in jobs – currently at 11.64 million, the number of unemployed Australians increased by 4,700 to 777,700, five times more than advertised jobs throughout the country. The last time unemployment was this high was in September 2002.

Read more about this on the Australian website.