Australia's unemployment rate fell to 3.9 per cent in November, down from 4.1 per cent in October. Bureau of Statistics (ABS) data show the number of people in employment increased by 35,600, while the number of unemployed fell by 27,000, in seasonally adjusted terms.

The unemployment rate in Australia fell to an eight-month low of 3.9% in November, compared to forecasts of 4.2%. The economy also added 35,600 jobs, surpassing economists' expectations of 25,000, reinforcing the labor market's resilience this year.

Australia’s unemployment rate unexpectedly fell in November as the nation’s streak of hiring gains extended, underscoring the resilience of the labor market to elevated interest rates and prompting traders to pare back bets of a February interest-rate cut.

Australia's unemployment rate dropped to 3.9% in November, a decrease of 0.2 percentage points, according to the latest data from the Australian Bureau of Statistics (ABS). David Taylor, ABS Head of Labour Statistics, said the decline was driven by an increase of 36,000 people finding employment and a decrease of 27,000 in the number of unemployed.

More than 35,000 jobs were added to the economy in November, pushing the jobless rate below 4 per cent for the first time since March.

AUSTRALIA’S jobless rate posted a shock decline to an eight-month low in November, while employment rose more than forecast, evidence of a labour market far more resilient than expectations. Read more at The Business Times.