In January, the economy added 24,000 jobs in seasonally-adjusted terms, after just 1,800 (previously reported +2,300) jobs were created in December. The increase was driven solely by new part-time jobs (+32,000), partly offset by the loss of 8,000 full-time positions. The number of total job seekers rose by 8,900 workers, breaking two consecutive months of decline. Taking the new job seekers into account, the unemployment rate was steady at the 5.0% recorded in December.
Unemployment drops in December
February 17, 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.