WA jobless rate declines to 4.5 percent

Australia, 13th December: The unemployment rate of the state of Western Australia is the lowest in the nation, the latest official figures have revealed.

The rate of jobless in Western Australia (WA) has gone down to 4.5 percent in the month of November this year from 4.7 percent (seasonally-adjusted) in the previous month.

And there has also been a decline the national jobless rate from 5.4 percent in October this year to 5.2 percent in November.   

The number of job aspirants has also gone up in November this year and the number of new jobs created in the country the same month has been much higher than the predicted figures of the economists.

As per official figures of the ABS (Australian Bureau of Statistics), a total of 55,100 full-time jobs have been created while the economists predicted addition of around 19,000 new jobs in Australia in November this year. And the creation of new full-time jobs in Australia has off-set a decline of 400 part-time jobs in the nation.

There has been a rise in the number of people already employed or those looking for work to 66.1 percent from 65.9 percent in November this year.

The number of jobless people in Australia declined by 19,500 to 627,800 while the number of people having jobs in Australia went up to 11.4 million after making an increased of 54,600.

The rate of joblessness showed a decline in all the states of Australia with the only exception being Tasmania where the unemployment rate went up from 5.2 percent in October to 5.4 percent in November this year.

Other states where jobless rate showed a decrease include NSW(New South Wales), South Australia, Victoria and Queensland where the rate to 5.1 percent(from 5.4 percent), 5.6 percent, 5.5 percent and 5.5 percent respectively.
The figures of employment in Australia represent a picture of a growing Australian economy.
Such positive outlooks have resulted in affirming the confidence of the RBA (Reserve Bank of Australia) in the Australian economy.

Hopes are rife that the Australian government will help in boosting the supply of workforce in Australia by increasing the limit of immigrants allowed to come and work in Australia through relaxation of Australia work visa norms. Such a step will save the employment market from becoming tight.