Tag: Australian Bureau Of Statistics

The Melbourne Cup yesterday cost the Australian economy up to $1.239 billion in lost productivity, with over half of workers taking a half day off to watch the race.

Merchandise imports for June were up 4 percent to $17,911 million, an increase of $621 million on May, but is unlikely to impact the RBA’s decision on rates in August.

The unemployment rate is predicted to stay at 5.2 percent, with the number of unemployed people seeking work continuing to decline at the recent trend rate.

National job vacancies have fallen by 3.1 per cent during the month of June, as employers are waiting until after the federal election to recruit.

Australia’s unemployment rate has edged further lower, falling to 5.2 percent in May in figures released by the Australian Bureau of Statistics today.

Australia’s trade deficit narrowed further in January and is expected to be in surplus by the end of 2010 as export prices for commodities continue to grow. Australia’s trade deficit for January came in at $1.176 billion, seasonally adjusted, down almost $1 billion from December’s figure, making it the narrowest trade deficit since June 2009’s […]