Arab Today, arab today australias jobless rate jumps to 12yearhigh 64
Last Updated : GMT 12:54:21
Arab Today, arab today
Arab Today, arab today

Australia's jobless rate jumps to 12-year-high 6.4%

Arab Today, arab today

Arab Today, arab today Australia's jobless rate jumps to 12-year-high 6.4%

Australia's unemployment rate has been edging up over the past 2 years
Sydney - AFP

Australia's unemployment rate jumped to a 12-year high of 6.4 percent in January, official data showed on Thursday, providing more ammunition for the central bank to cut interest rates.
Economists had been expecting a rise to 6.2 percent from December's 6.1 percent but with the number of people employed falling by 12,200 it was worse-than-expected.
The Australian Bureau of Statistics said full-time employment dropped by 28,100 in January and part-time employment was up 15,900.
The weaker reading saw the Australian dollar plunge to near six-year lows, falling to 76.56 US cents after the figures were released from 77.26 US cents just prior.
The central bank last week cut forecasts for economic growth and inflation this year and warned unemployment would likely rise as the economy transitions away from a mining investment boom.
The warning followed a cut in interest rates this month to a new record low of 2.25 percent.
Quay Equities head of trading Tristan K'Nell said the jobless numbers left the door open to more rate cuts.
"The numbers probably continue to give the RBA the ammunition to continue to cut interest rates next month," he said.
"Improvement in employment is the major issue for our economy to go with other issues such as low business and consumer confidence, falling economic growth, an end to the mining cycle, low inflation and our major trading partners slowing."
Australia's unemployment rate has been edging up over the past two years as the economy prepares for an expected sharp fall-off in mining investment this year.
The resource-driven economy is also struggling under the impact of a fall in prices for key commodity exports, including an almost halving of iron ore prices in 2014 due to weakening demand from China.

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 jumps to 12yearhigh 64 Arab Today, arab today australias jobless rate jumps to 12yearhigh 64

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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