#Unemployment Rate
Ideal jobless rate ‘some time away’: RBA
Reserve Bank of Australia board members agreed back-to-back cash rate cuts were necessary to eat into spare labour market capacity, but a high participation rate and an expanding working age population means it will take “some time” to achieve the ideal jobless rate. Minutes from the RBA’s July 2 meeting show members agreed a consecutive […]
Unemployment rises, but labour force participation continues to expand
The unemployment rate has risen by 0.2 percent, but labour force participation has reached new height, with more Australians in full-time work than ever before.
Unemployment rate drops to 4.9 percent
Unemployment has fallen to its lowest level in 12 months, dipping below 5 percent as a result of 15,500 additional jobs being added to the local economy.
Unemployment rate still at historic lows
Unemployment has continued to rise, but at a slow pace favoured over a sharp jump, according to economists. The slight rise in the month of November to 5.3 percent reflected a weakening global economy and softening hiring intentions.
Australia’s unemployment rate remains at 5.0 percent in January
Australia’s unemployment rate remains at 5.0 percent in January after Australia’s unemployment rate dropped 0.2 percentage points to 5.0 percent in December, the Australian Bureau of Statistics announced today.
Australia’s unemployment rate falls to 5%
Australia’s unemployment rate has dropped 0.2 percentage points to 5.0 percent in December, putting pressure on businesses to pay higher wages to retain or recruit employees, as announced by the Australian Bureau of Statistics today.
Australian unemployment rate drops to 5.2%: ABS
The Australian unemployment rate dropped to 5.2 percent in November falling 0.2 percentage points after moving 0.2 percentage points higher in October on the back of increased workforce participation, as announced by the Australian Bureau of Statistics (ABS) today.
Unemployment rate jumps 0.2% to 5.4% on record participation rate: ABS
The Australian unemployment rate has jumped to 5.4 percent in October, up 0.2 percent on the previous month, despite an additional 29,700 jobs being created in October, the Australian Bureau of Statistics announced today.
Unemployment rate in Australia stays at 5.1 percent
Australia’s unemployment rate for September has remained at 5.1 percent, however almost 50,000 more people gained employment during the month according to the Australian Bureau of Statistics.
Australian unemployment rate in August drops to 5.1%
Australia’s unemployment rate decreased 0.2 percentage points to 5.1 percent (seasonally adjusted) in August, the Australian Bureau of Statistics announced today.
Full time employment falls as unemployment rate hits 5.3%
Australia’s unemployment rate increased by 0.2 percentage points to 5.3 percent in July, seasonally adjusted, with a fall in the number of full time employed.
CBA predicts more economic doom and gloom
The Commonwealth Bank of Australia (CBA) has refused to rule out possible job cuts within the bank, as they prepare for the worst. According to CBA chief executive Ralph Norris, the economy is set to get worse as unemployment rises and further threatens the banking system. “There’s no doubt that the toughest period in the […]
Immigration cut to protect jobs
As the Australian economy slows, the Government has taken swift action to protect jobs by cutting the immigration intake by 14 percent. Immigration Minister, Chris Evans is set to announce a 14 percent cut to the skilled migration program, capping the number of workers entering Australia at 115,000, down from 133,500 in 2008-09. The decision […]
Unemployment rate reaches 5.2 percent
In yet another blow to the economy, Australia’s unemployment rate has hit 5.2 percent. Data released today by the ABS has shown that 53,800 jobs were lost in February, the biggest drop in full-time positions since mid-1991. The unemployment rate has increased by 0.4 percent in the last month alone, but is set to rise, […]
Charities hit hard by financial crisis
Charities have become the latest victims in the global financial crisis, with a growing number applying for funding to meet a rising demand for services. According to Perpetual, Australia’s largest manager of charitable trusts, 942 charities have applied for funding this year, up 26 percent on last year. The applications have totalled $60 million. With […]