{SPAC}UNEMPLOYMENT – AUSTRALIA

Jobless rate holds steady at 5.8pc, defying predictions

roymorgansocial Leave a comment

Original article by Stephen Cauchi
The Australian Financial Review – Page: 3 : 15-Jan-16

Official data shows that Australia’s unemployment rate was 5.8 per cent in December 2015, unchanged from November. The jobless rate had blown out to 6.2 per cent in September, before easing to 5.9 per cent in October. Most economists had expected the economy to shed about 10,000 jobs in December, but only 1,000 jobs were lost during the month. Capital Economics’ Paul Dales says the latest jobs data could provide support for the Australian dollar and the local sharemarket.

CORPORATES
CAPITAL ECONOMICS LIMITED,{SPAC}COMMONWEALTH BANK OF AUSTRALIA – ASX CBA,{SPAC}AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ,{SPAC}NATIONAL AUSTRALIA BANK LIMITED – ASX NAB,{SPAC}COMMONWEALTH SECURITIES LIMITED,{SPAC}RESERVE BANK OF AUSTRALIA,{SPAC}AUSTRALIAN BUREAU OF STATISTICS

Wary reaction to jobs data

roymorgansocial Leave a comment

Original article by Joanna Heath
The Australian Financial Review – Page: 5 : 12-Sep-14

Data from the Australian Bureau of Statistics (ABS) show that the economy added 121,000 jobs in August 2014. The jobless rate fell from a 12-year high of 6.4 per cent in July to 6.1 per cent. Economists have questioned the accuracy of the data, and Adam Boyton of Deutsche Bank says the Reserve Bank is likely to adopt a similar approach. The ABS changed the way it compiles employment data in July

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS,{SPAC}DEUTSCHE BANK AG,{SPAC}CITIGROUP PTY LTD,{SPAC}RESERVE BANK OF AUSTRALIA,{SPAC}AUSTRALIA. DEPT OF EMPLOYMENT