Jobs on the rise unemployment rate drops

Jobs on the rise unemployment rate drops Jobs on the rise unemployment rate dropsPosted October 13, 2011, by Josie Chun New data from the Australian Bureau of Statistics show that 100 000 new jobs have been created in the last three months, bringing the unemployment rate down to 5.7 per cent in November from 5.8 per cent in October. The data welches positive in most states, with unemployment falling in NSW from 6.1 per cent in November to 6.0 per cent in October, and from 5.7 per cent to 5.4 per cent in Victoria. The rate also fell from 3.7 per cent to 3.5 per cent in the Northern Territory, and remained the same in Tasmania (5.4 per cent) and the ACT (3.6 per cent). On the other hand, the rate rose from 5.3 per cent to 5.5 per cent in South Australia, from 5.0 per cent to 5.2 per cent in Western Australia, and from 6.0 to 6.1 per cent in Queensland the highest in the country. If the positive trend in most of the country marks the turning of the tide, then Australia may well avoid t he 6.3 per cent expected unemployment peak an estimate that was revised down from more dire