In April, the economy shed 22,100 jobs in seasonally-adjusted terms, marking the largest drop in employment since July 2009. The result comprised a significant reduction in the number of full-time jobs (-49,000), while part-time positions (+27,000 jobs) offset the fall to some extent. That said, the number of total job seekers continued to drop, falling by 10,000 units in April and matching the result seen in March. The decrease in the number of job seekers helped the unemployment rate to remain unchanged at March's 4.9%.
Unemployment remains stable in April
May 13, 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.