australian unemployment rises to 52
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Australian unemployment rises to 5.2%

Arab Today, arab today

Arab Today, arab today Australian unemployment rises to 5.2%

Sidney - AFP

Australian unemployment rose to a seasonally adjusted 5.2 percent in February, with the slowing economy shedding 15,400 jobs as commodity prices cooled, figures showed Thursday. The Australian Bureau of Statistics said a drop in part-time work was to blame for the increase from a seasonally adjusted 5.1 percent in January. Analysts had expected the jobless rate to rise to 5.2 percent but the economy had been tipped to create 5,000 extra jobs. The Australian dollar plunged to US$1.0540 from $1.0582 on the news, which was seen as increasing the case for an interest rate cut. The figures follow weaker-than-expected growth of 0.4 percent for the final three months of 2011 due to falling commodity prices and soft investment amid turmoil in Europe and the slowing Chinese economy. The Reserve Bank of Australia kept official interest rates steady at 4.25 percent this week, saying global conditions had eased and the local economy appeared to be growing close to trend, with unemployment "steady". But analysts said the soft growth and jobs numbers showed that the rise in the Australian dollar was hurting the non-mining economy, with sectors such as manufacturing, tourism and education under strain. "We've got some parts of the economy slowing down, other parts speeding up and the net result is that the slow lane is more than offsetting the fast lane," said HSBC economist Paul Bloxham. Employment Minister Bill Shorten said there had been a "definite slowing in the economy" but the unemployment rate had held relatively steady since August and was very low by global standards. "Despite the global financial crisis and the aftermath, despite the problems in Europe which are underway at the moment, despite the impact of the local dollar we're seeing that unemployment... hasn't increased as greatly as I think people first feared," Shorten told reporters. However, he did warn of "further softness in the unemployment numbers in coming months", with a number of large firms including Qantas Airways, ANZ and Westpac banks and carmakers Toyota and Holden recently announcing job cuts.

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 unemployment rises to 52 australian unemployment rises to 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*

australian unemployment rises to 52 australian unemployment rises to 52

 



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 Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
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 Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
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 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

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 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

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