Despite new jobs, Australian unemployment still rising

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Updated November 12, 2009 20:59:35

Australia can boast having added nearly 25,000 new jobs to the labour force in October. But most of the new jobs are part-time, and overall unemployment actually rose slightly from 5.7 to 5.8 per cent. Nonetheless, Australia's still in considerably better shape than most industrial countries, where jobless rates are still rising rapidly. And most, Australia included, are sticking to the collective agreement to maintain stimulus spending to support economic growth.

Presenter: Karon Snowdon
Speakers: Acting Australian Prime Minister Julia Gillard; Comsec's Economist Savanth Sebastion; Indonesia's Trade Minister, Mari Pangestu; Glenn Maguire, Chief Economist with Societe General

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