Australia Unemployment Rate Up 5.4 Percent So

                            

SYDNEY, KOMPAS.com - In December 2012, the unemployment rate in Australia rose 0.1 points to 5.4 percent. The increase was due to a slowdown in mining and manufka tour. Recorded at least 5,500 people lost their jobs due to the slowdown.

Australian Bureau of Statistics, as dikutif AFP on Friday (01/18/2013), released the state's unemployment rate rose by 0.1 points compared to the November 2012, which reached 5.3 percent. Unemployment began to rise means a soft labor market, said Alan Oster, chief economist at National Australia Bank.

Manufacturers of building materials company Boral and resources Santos are among the major companies that announced the dismissal of a large number in December 2012. Boral and Bluescope Steel layoffs (termination) of hundreds of workers in Canberra this week

predicts unemployment will be touching a level of 5.5 per cent this year. The indicator is the ongoing global economic crisis, so the demand is likely to slow down.

But Reserve Bank of Australia are more optimistic. They predicted that boom mining investment will still be brilliant to 2014.