australian jobless rate hits 54 percent
Last Updated : GMT 13:26:10
Arab Today, arab today
Arab Today, arab today

Australian jobless rate hits 5.4 percent

Arab Today, arab today

Arab Today, arab today Australian jobless rate hits 5.4 percent

Sydney - AFP

Australia\'s unemployment rate jumped to 5.4 percent in December, according to the latest official data, with a net 5,500 jobs lost as the mining-powered economy slows and manufacturing struggles. The Australian Bureau of Statistics said on Thursday the seasonally-adjusted jobless rate increased 0.1 percentage points from an upwardly-revised 5.3 percent in November. Analysts said the scale of the losses was worse than forecast. \"Generally the message is that the labour market, whilst it is okay, is softening and therefore unemployment is starting to go up,\" said Alan Oster, chief economist at the National Australia Bank. Building materials manufacturer Boral and resources company Santos were among major firms who announced significant numbers of sackings in December. Boral and Bluescope Steel laid off hundreds more workers this week as the strong Australian dollar squeezes local firms. Australia\'s manufacturing sector contracted for a 10th consecutive month in December due to weak global demand as China cools and Europe and the US grapple with debt. The domestic economy is also softening due to the China slowdown, clocking growth of just 0.5 percent in the three months to September, prompting the central bank to slash interest rates to a record low of 3.0 percent last month. The Australian dollar fell to US$1.0534 from US$1.0563 before the release of Thursday\'s data, which the market saw as increasing the chances of another rate cut. Canberra predicts unemployment to hit 5.5 percent this year and has warned that the boom in commodity prices that saw Australia weather the global financial crisis without going into recession was over. The Reserve Bank of Australia is more optimistic, forecasting that the mining investment boom will end sometime in 2013-14.

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*

australian jobless rate hits 54 percent australian jobless rate hits 54 percent

 



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*

australian jobless rate hits 54 percent australian jobless rate hits 54 percent

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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