Australia’s unemployment rate ticked higher in November at 3.8% but hiring…

Australia’s employers went on a late-year hiring binge in November, adding an extra 2,000 people per day even in a month that included a Reserve Bank interest rate rise. The economy added 61,500 jobs last month, all but 4,500 of them full-time ones, the Australian Bureau of Statistics said. Economists had forecast the economy would swell their workforces by 11,500 jobs. The jobless rate, though, ticked higher to 3.9%, the most since April 2022, from a revised 3.8% in October. That was higher than the 3.8% rate economists had tipped. Jobless rate climbs to 3.9% in November (highest since April 2022) but main story is the surge in…