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Australian unemployment crept up to 4.4 per cent in November but remains low in comparison with other markets.
While the figure represented a one year high and more than 15,000 job cuts it was only a fractional 0.1 per cent above the 4.3 per cent recorded in October and little higher than the 33 year low of 4 per cent recorded earlier in the year.
Compared to the United States and UK domestic employment also continues to fare well. Unemployment has already reached 6.7 per cent in the US and 5.7 per cent in the UK.
The government has forecast the jobless rate to rise to 5 per cent by June 2009.
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