australias jobless rate hits 12year high of 64
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Australia's jobless rate hits 12-year high of 6.4%

Arab Today, arab today

Arab Today, arab today Australia's jobless rate hits 12-year high of 6.4%

Australia's the unemployment
Sydney - AFP

Australia's unemployment rate spiked to a 12-year high of 6.4 percent in July, data showed Thursday, lowering expectations of a near-term hike in interest rates as the economy shows signs of weakness.
The surprise jump in the jobless rate, which was up from the decade-high of 6.0 percent in June, saw 300 positions lost from the economy, the Australian Bureau of Statistics figures showed.
Full-time positions increased by 14,500 but 14,800 part-time roles were shed. Analysts had expected 12,000 jobs to be added in the month.
The Australian dollar lost more than half a cent after the data was released, falling from 93.55 US cents to 92.96 US cents.
The participation rate, which measures the proportion of adults in work or looking for it, lifted by 0.1 percentage points to 64.8 percent.
Economists said the figures, which were well above consensus forecasts of 6.1 percent, were worse-than-expected. The latest data also meant Australia's jobless rate was above the United States' for the first time since 2007.
But ANZ senior economist Justin Fabo said the headline figure could be overstating the weakness of the labour market, pointing to other employment indicators which have suggested that companies' hiring intentions were improving.
"Most other labour market indicators are improving, at least slowly, so the jump in the unemployment rate does look odd in that regard," Fabo said.
"We'll need the August report to confirm that view."

 

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*

australias jobless rate hits 12year high of 64 australias jobless rate hits 12year high of 64

 



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*

australias jobless rate hits 12year high of 64 australias jobless rate hits 12year high of 64

 



GMT 23:40 2017 Tuesday ,25 July

Journalists, NGO slam Saudi to close Al-Jazeera

GMT 09:55 2017 Thursday ,19 January

Morocco Has Secured Enough Votes to Return to AU

GMT 23:04 2016 Thursday ,17 November

Snapchat files for 1 of the biggest tech IPOs in years

GMT 15:06 2016 Wednesday ,01 June

Hermes hit by ostrich farm cruelty claims

GMT 14:47 2017 Monday ,09 January

Police arrest 16 in France over Kardashian robbery

GMT 00:55 2017 Sunday ,19 March

Shurooq launches ecotourism lodge

GMT 15:33 2017 Saturday ,30 September

Tata wins bid to make electric cars for Indian government
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday