In March, the economy added 38,000 jobs in seasonally-adjusted terms, marking the largest increase since the end of last year and recovering from the drop recorded in February, which was the first decline since August 2009. The increase reflected a significant addition in the number of full-time jobs (+32,000), while part-time positions (+6,000 jobs) rose only moderately. That said, the number of total job seekers dropped considerably in March (-10,000) after remaining broadly unchanged in February. As a consequence, the unemployment rate inched down from 5.0% in February to 4.9%.
Unemployment inches down in March
April 7, 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.