Tag: Economic Data

The effects of rising interest rates on household budgets will likely be felt by an increasing number of households.

Australia’s mining industry is driving an increase in job advertisements in the past six months, with job ads in the sector up almost 30 percent in the industry.

The number of fully employed persons in Australia grew for the 10th consecutive month, while Australia’s unemployment rate remained steady at 5.1 percent in June.

Job vacancies fell in May by 2.8 percent from February to 164,600 in the latest ABS data, with public sector vacancies collapsing 12.3 percent over the same period.

Those looking to change jobs should hold on a little longer, the Advantage Job Index suggests, with the job market taking a small dive last month.

Job figures out today from the Australian Bureau of Statistics indicate the economy is well on the way to recovery with Job ads up 12.1 percent in February.

Increases in job advertisements in February suggests an economic recovery, but high staff turnover is clouding the true recovery, new data suggests. Commenting on the recent surge in job advertisements and yet to be released official ABS employment statistics, David Edwards, Strategic Manager of Drake International, said “High levels of staff turnover and churn are […]

Job advertisements surged 19.1 percent to a year long high in February, according to the ANZ Job Advertisements Series. The ANZ Job Advertisements Series, which measures job advertisements in both newspapers and on the internet found job ads rose 19.1 percent in February to an average of 159,778 ads per week, seasonally adjusted. The February […]

Following a dip in January the jobs market gathered pace in February, with national job vacancies increasing 6.3 per cent compared to a fall of 6.0 per cent last month, according to the latest monthly data from IPA, one of Australia’s largest recruitment firms. Rabieh Krayem, CEO of IPA, said despite the positive figures, CEOs […]

Australia’s current account deficit came in worse than expected at a seasonally adjusted $17.46 billion in figures from the Australian Bureau of Statistics Most economists had expected a deficit of $17.1 billion for the December quarter. The ABS says this could subtract 1.3 percent from Australia’s economic growth figures for the quarter. With GDP figures […]