Jobs rebound some

November Labour Force is out and has shown rebound after recent bad months:

Employment increased 39,100 to 11,973,200. Full-time employment increased 39,300 to 8,166,200 and part-time employment decreased 200 to 3,807,000.

Unemployment increased 17,000 to 725,200. The number of unemployed persons looking for full-time work increased 15,100 to 512,100 and the number of unemployed persons only looking for part-time work decreased 1,900 to 213,100.

Unemployment rate increased 0.1 pts to 5.7%.

Participation rate increased 0.2 pts to 64.6%.

Monthly hours worked in all jobs decreased 10.4 million hours to 1663.3 million hours.

Obviously full time is better. Participation lift drive unemployment rate rise. Hours worked sick again. Dollar rose a bit but is getting run over by USD Mack truck.

Much more to come.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.