In September, the labour market added 20,400 jobs over the previous month in seasonally-adjusted terms, which contrasted the 10,500 jobs lost (previously reported: -9,700 jobs) in August and was above market expectations that only 10,000 new jobs would be created. The September reading comprised a significant increase both in the number of full-time jobs (+10,800) and part-time positions (+9,600 jobs). Meanwhile, the number of total job seekers dropped by 3,800 persons in September, contrasting the increase of 19,000 new job seekers recorded in August. As a consequence of the decline in the number of job seekers, unemployment inched down from 5.3% in August to 5.2% in September, which was better than market expectations, which had the unemployment rate unchanged at 5.3%.
Unemployment inches down in September
October 8, 2011
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Australia Economic News
October 12, 2016
The Westpac-Melbourne Institute Survey of Consumer Sentiment increased 1.1% in October as the index rose from September’s 101.4 to 102.4.
October 11, 2016
The business confidence index published by the National Australia Bank (NAB) was stable in September at August’s 6 points.
October 5, 2016
Nominal retail sales inched up 0.4% in August from the previous month in seasonally-adjusted terms, up from July’s flat reading.
October 4, 2016
At its 4 October monetary policy meeting, the Reserve Bank of Australia (RBA) kept its policy rate steady at an all-time low of 1.50% after cutting its rate by 25 basis points twice this year, once in May and once in August.
September 15, 2016
The labor market lost 3,900 net new jobs in August compared to the previous month in seasonally-adjusted terms.