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.
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 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.
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.
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.
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.
Australia’s unemployment rate decreased 0.2 percentage points to 5.1 percent (seasonally adjusted) in August, the Australian Bureau of Statistics announced today.
