In June, the economy added 23,400 jobs in seasonally-adjusted terms, which contrasted a loss of 500 jobs (previously reported: +7,800) in May and came in above market expectations that an additional 15,000 jobs would be created. The June reading comprised a significant reduction in the number of part-time jobs (-35,600), which was more than offset by the increase in full-time positions (+59,000 jobs). Meanwhile, the number of total job seekers fell by 2,600 persons in June, which contrasted the addition of 11,500 new job seekers recorded in May. Finally, the unemployment rate was unchanged at 4.9% for a fourth consecutive month, matching market expectations.
Unemployment stable in July for a fourth consecutive month
July 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.