Australia / Unemployment worst in a decade

Australia’s unemployment rate in January jumped to 6.0 per cent – its worst in a decade – with the economy shedding 3,700 jobs amid a turbulent transition away from mining, data showed on Thursday.

The Australian Bureau of Statistics said the jobless rate increased from 5.8 per cent in December, with some 7,100 full-time positions lost, which were only partially offset by 3,400 extra part-time roles.

Chosen excerpts by Job Market Monitor. Read the whole story at Australian unemployment worst in a decade.