Population in Australia
Australia - Population
The Australian economy continues to send mixed signals about its overall health, after starting off the year on a disappointing note. Consumers were persistently pessimistic throughout the second quarter and into the start of Q3 in spite of the fact that the labor market has been improving quickly. The unemployment rate reached its lowest level since early 2013 in May, but much of the recent improvement in employment comes down to the creation of part-time jobs, accentuating that there is under employment. Businesses have been more optimistic regarding the near future—business sentiment remained above its long term average from the beginning of the year through the end of June. The continued optimism seems to be driven by healthier commodity prices, which pushed exports up sharply in May and are expected to drive growth in the near future. Yet households are simultaneously suffering from low wage growth, underemployment and a high debt burden.Australia - Population Data
| 2011 | 2012 | 2013 | 2014 | 2015 | |
|---|---|---|---|---|---|
| Population (million) | 22.5 | 22.9 | 23.3 | 23.6 | 23.9 |
Australia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.68 | 1.33 % | Jul 26 |
| Exchange Rate | 0.79 | -0.63 % | Jul 26 |
| Stock Market | 5,823 | 0.83 % | Jul 26 |
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Economic News
Australia: Unemployment rate stable in June
July 20, 2017
Seasonally-adjusted employment increased by 14,000 jobs in June compared to the previous month, down from the 38,000 new jobs created in May.
Australia: Consumer sentiment slide ends in July
July 12, 2017
The Westpac-Melbourne Institute Index of Consumer Sentiment came in at 96.6 in July, up 0.4% from June’s 96.2.
Australia: Business confidence strengthens in June
July 11, 2017
The business confidence index produced by the National Australia Bank (NAB) rose to 9 points in June, up from the 8 points registered in May.
Australia: Retail sales soften in May
July 4, 2017
Nominal retail sales in May expanded 0.6% month-on-month in seasonally adjusted terms, down from the 1.0% increase registered in April.
Australia: Unemployment rate declines in May
June 15, 2017
Seasonally-adjusted employment increased by 42,000 jobs in May compared to the previous month, down from the 46,100 new jobs created in April.
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