Australia's labour market is still the economy's shining light, with employers maintaining the longest continuous hiring run in 23 years in November, keeping the jobless rate at a 4 1/2-year low.
The figures support the Reserve Bank of Australia's optimism that the economy is gathering pace, with the jobless rate plateauing at 5.4 per cent for the past three months, the lowest level since February 2013 and much stronger than expected. The last time the jobless rate was so low for so long was in the three months ended February 2013.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
