Arab Today, arab today australian jobless rate steady at 52
Last Updated : GMT 10:35:06
Arab Today, arab today
Arab Today, arab today

Australian jobless rate steady at 5.2%

Arab Today, arab today

Arab Today, arab today Australian jobless rate steady at 5.2%

Sydney - AFP

Australia\'s unemployment rate remained steady at 5.2 percent in December, latest data showed, but economists said the jobs market was weakening and raised the likelihood of an interest rate cut. It came in the same as the revised November figure and compared to a consensus forecast of 5.3 percent. The Australian Bureau of Statistics on Thursday said the number of people employed fell by 29,300 to 11.4 million last month, although much of the losses were in the part-time sector while full-time jobs rose 24,500 to 8.051 million. The participation rate, or people actively seeking work, was 65.2 percent, compared with 65.5 percent in November. HSBC chief economist Paul Bloxham said: \"The data shows that unemployment has been on a slow grind for some time now. \"I think this is still consistent with the Reserve Bank of Australia cutting interest rates next month, which is what we expect to happen.\" Australia\'s cash rate is 4.25 percent, having been slashed by 25 basis points in both November and December. \"With the participation rate falling and employment also falling, it does look as though the labour market is still softening,\" Bloxham added. The government has said it expects unemployment in mid-2012 to be 5.5 percent, compared with a peak of 5.8 percent at the height of the global financial crisis. Though it hovered near the five percent mark for more than a year the jobless rate has inched up in recent months, stoking fears that the economy is losing momentum, particularly outside the key resources sector. Bill Shorten, the minister for employment and workplace relations, said the jobless figures showed Australia was doing better than most nations. But Shorten, standing in as treasurer while Wayne Swan is on holiday, added that it highlighted the need to support struggling industries in the country\'s two-speed economy. \"We see the impact of a two-speed economy in some sectors that have traditionally been large employers, such as retail and manufacturing, that there is pressure on jobs numbers,\" he said. \"We do see growth in the mining sector and in the health sector, but it\'s certainly a two-speed economy. \"Job growth is slowing in Australia. The mining boom is certainly helping in the short term but it is leading in part to a two-speed economy,\" he added.  

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 australian jobless rate steady at 52 Arab Today, arab today australian jobless rate steady at 52

 



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 australian jobless rate steady at 52 Arab Today, arab today australian jobless rate steady at 52

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
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 Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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