Tag: Unemployment Rate

Australia’s unemployment rate increased slightly in August even as the number of Australians working multiple jobs reached a record high.

The jobless rate in Australia fell to 3.5 per cent, the lowest level in 48 years, however, Anneke Thompson, Chief Economist, CreditorWatch observes that the economy is still facing many challenges.

Despite Omicron disruptions in the past few months, Australia’s unemployment figures in February 2022 have dropped to a 13-year low at 4 per cent.

Despite the lockdowns, Josh Frydenberg, Australia’s Treasurer is optimistic that the unemployment rate will remain low. 

The employment scenario in Australia directly impacts Indians, who are now the second-largest migrant population in Australia after the British.

A new study has shown that finding a job in Australia is twice as competitive as the beginning of the year, despite the job market improving.  With the unemployment rate being the highest it has been since 1998, many Australians now find themselves searching for work. The study by LinkedIn shows that while the job market […]

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 […]

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 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 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.