Australia Jobless Rate Steady At 4.1% In October
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in October, the Australian Bureau of Statistics said on Thursday - unchanged from the previous month and in line with expectations.
The Australian economy added 15,900 jobs, which missed forecasts for an increase of 25,200 jobs following the addition of 64,100 in September.
Full-time employment increased by 9,700 to 10,037,700 people, while part-time employment increased by 6,200 to 4,499,800 people.
The participation rate was 67.1 percent, shy of expectations for 67.2 percent - which would have been unchanged. Monthly hours worked increased to 1.972 billion.
read more
RBA Minutes: Australia GDP Remains Softer Than Expected
Members of the Reserve Bank of Australia's Monetary Policy Board said that the country's gross domestic product continues to be subdued and is softer than expected, minutes from the central bank's December 9-10 meeting revealed on Tuesday.
RTTNews
|
10 days ago
Australia Budget To Slip Into Deficit In 2024-25
Australia's budget is forecast to slip into deficit in 2024-25 after recording back-to-back surpluses for the first time in almost two decades, Treasurer Jim Chalmers said Wednesday. In the latest Mid-Year Economic and Fiscal Outlook, the government projected a deficit of A$26.9 billion for 2024-25. However, this was A$1.3 billion smaller than projected in the budget.
RTTNews
|
15 days ago
Australia Manufacturing PMI Slips To 48.2 In December - Judo Bank
The manufacturing sector in Australia continued to contract in December, and at a faster pace, the latest survey from Judo Bank revealed on Monday with a manufacturing PMI score of 48.2.
RTTNews
|
18 days ago
Australia Jobless Rate Falls To 3.9% In November
The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in November, the Australian Bureau of Statistics said on Thursday.
RTTNews
|
22 days ago
Australia Central Bank Keeps Rate Unchanged As Expected
Australia central bank left its key interest rate unchanged for the ninth straight session on Tuesday but today's statement lifted hopes of an early interest rate cut. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to retain the cash rate target at a 13-year high of 4.35 percent. The decision matched expectations.
RTTNews
|
23 days ago
Australia October Trade Surplus A$5.953 Billion
Australia posted a seasonally adjusted merchandise trade surplus of A$5.953 billion in October, the Australian Bureau of Statistics said on Thursday.
RTTNews
|
29 days ago
Australia GDP Gains 0.3% On Quarter In Q3
Australia's gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
RTTNews
|
30 days ago
Australia Services Sector Slows In November - Judo
The services sector in Australia continued to expand in November, albeit at a lower pace, the latest survey from Judo Bank revealed on Wednesday with a services PMI score of 50.5.
RTTNews
|
30 days ago
