Arab Today, arab today australias unemployment rate at 12year high
Last Updated : GMT 05:18:54
Arab Today, arab today
Arab Today, arab today

Australia's unemployment rate at 12-year high

Arab Today, arab today

Arab Today, arab today Australia's unemployment rate at 12-year high

A man begs by the roadside in Sydney
Sydney - AFP

Australia's jobless rate rose to its highest level in 12 years in November, data showed Thursday, as more people looked for jobs in a softening economy hurt by falling commodity prices and weak Chinese demand.
The unemployment rate edged up to 6.3 percent in the month as 42,700 jobs were added to the economy, the figures from the Australian Bureau of Statistics showed.
Full-time positions increased by 1,800 as part-time employment soared by 40,800, with the data slightly stronger than economists' expectations that 15,000 jobs would be created.
"Despite the unemployment rate printing a touch higher in rounded terms, November's report was overall slightly better than the market expected, and suggested labour market conditions improved modestly in November," ANZ economists Savita Singh and Riki Polygenis said.
"From here -– and now that the ABS appears more comfortable with the veracity of the survey –- we expect the unemployment rate to level out."
The latest figures came two days after the Bureau of Statistics said it would accept all recommendations from an independent review into how the labour force survey is collated, following questions about its accuracy.
The review said the timing of supplementary surveys had contributed to the volatility in the monthly data.
The participation rate -- which measures the proportion of adults in work or looking for work -- rose a seasonally adjusted 64.7 percent from 64.6 percent. Total aggregate hours worked fell 4.4 million hours to 1,610.6 million.
Australia's economy -- which has avoided a recession for more than two decades -- is struggling to shift towards non-mining-led growth amid an expected sharp drop off in resources investment next year.
Pressure is building on the Reserve Bank of Australia to cut interest rates from their record low of 2.5 percent following weaker-than-expected third-quarter GDP growth data released last week.
The slowdown in China, Australia's largest trading partner, has weighed on the resources sector and hurt the wider economy, while tumbling commodity prices have hit the nation's incomes.

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 unemployment rate at 12year high Arab Today, arab today australias unemployment rate at 12year high

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
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 Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

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
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