Arab Today, arab today australias jobless rate at decade high of 6
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Australia's jobless rate at decade high of 6%

Arab Today, arab today

Arab Today, arab today Australia's jobless rate at decade high of 6%

Australia's unemployment rate
Sydney - AFP

Australia's unemployment rate returned to a decade high of 6.0 percent in June, data showed Thursday, as the economy shed full-time jobs amid "challenging" conditions and as more people looked for work.
The jobless rate pushed higher even as the economy added a seasonally adjusted 15,900 positions to take the number of people employed to 11.578 million, Australian Bureau of Statistics figures showed.
The rise in the total number of positions came through part-time roles, which jumped by 19,700 last month. Full-time jobs fell by 3,800.
The May unemployment rate was revised upwards from 5.8 percent to 5.9 percent. Economists were tipping the June jobless rate to reach 5.9 percent and for 12,000 positions to be created.
The Australian dollar spiked briefly following the data release but slipped back to 94.18 US cents.
"Australian labour market conditions remain challenging," ANZ senior economist Justin Fabo said.
"We saw a strong risk of an above-market rise in employment in June reflecting some statistical payback after the fall in employment in May."
"The 'payback', however, was less than we expected so it was, at best, a soft outcome."
Fabo said one encouraging figure in the data was a rise in average monthly hours worked, which increased by 15.1 million hours to 1.629 billion.
Analysts said the participation rate, which measures the proportion of adults in work or looking for it, was behind the higher-than-expected increase.
The jobless rate had been falling slightly over the past few months after rising to 6.0 percent in February, the highest since July 2003, supported by an easing in the participation rate.
But the participation rate edged up by 0.1 percentage points in June to 64.7 percent, meaning more people were in the labour market looking for jobs.
Economists, the Reserve Bank and the Treasury had previously been expecting the unemployment rate to rise above 6.0 percent in 2014 as Australia exits an unprecedented boom in the mining sector.
The Reserve Bank has kept interest rates on hold at a record low of 2.5 percent since August last year in a bid to encourage growth in other sectors of the economy as mining investment falls off.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australias jobless rate at decade high of 6 Arab Today, arab today australias jobless rate at decade high of 6

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australias jobless rate at decade high of 6 Arab Today, arab today australias jobless rate at decade high of 6

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday