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.
Job ads rose for the seventh consecutive month in November and are now 33.2 percent higher than the same time last year, with competition for skilled labour now becoming a serious issue for Australian businesses.
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 is likely to remain at 5.1 percent according to ANZ Head of Australian Economics Ivan Colhoun, with the ANZ Job Advertisements Series for October showing only a modest 0.6 percent increase in job ads.
The Australian dollar has broken US98c, trading at US$0.9845 after the Australian Bureau of Statistics revealed strong employment numbers for the month of September this morning.
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.
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.
Economists believe that yesterday’s positive ABS labour force data has increased the possibility that the RBA will look to tighten monetary policy as near full employment triggers inflation pressures.
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.
