Australia's unemployment rate held steady in November at 4.3 per cent, in seasonally adjusted terms. But the underemployment rate jumped from 5.7 per cent to 6.2 per cent, its highest in more than 12 months. Australian Bureau of Statistics (ABS) data show the number of employed people fell by 21,300 last month and the number of unemployed fell by 2,100. The size of the labour force shrank by 23,400 people and the participation rate fell by 0.2 percentage points to 66.7 per cent. Full-time employment declined by 57,000 people, but that was partially offset by part-time employment rising by 35,000. The youth ... (full story)