Australia Unemployment Rate Steady At 3.9%; 60.6K Jobs Added
(RTTNews) - The jobless rate in Australia came in at a seasonally adjusted 3.9 percent in May, the Australian Bureau of Statistics said on Thursday - unchanged from the April reading but above expectations for 3.8 percent.
The Australian economy added 60,600 jobs last month, blowing away forecasts for an increase of 25,000 jobs after the increase of 4,000 jobs a month earlier.
Full-time employment gained 69,400 jobs in May, while part-time jobs lost 8,700 jobs.
The participation rate was 66.7 percent, beating forecasts for 66.4 percent and up from 66.3 percent a month earlier.
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Australia Jobless Rate Steady At 4.1% In October
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.
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Australia Wage Price Index Climbs 0.8% In Q3
The wage price index in Australia was up a seasonally adjusted 0.8 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
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Australia NAB Business Confidence Strengthens; Conditions Remain Stable
Australia's business confidence strengthened notably in October on improvements across all industries except construction and retail, survey data from NAB showed on Tuesday. The business confidence index rose to +5 from -2 in September. At the same time, the business conditions index was unchanged at 7 in October. Trading conditions edged up one point to +13, while profitability was flat at 5.
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Australia Building Approvals Rise 4.4% In September
The total number of building approvals issued in September was up a seasonally adjusted 4.4 percent on month, the Australian Bureau of Statistics said on Friday - coming in at 14,842.
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Australia Has A$4.609 Billion Trade Surplus
Australia posted a merchandise trade surplus of A$4.609 billion in September, the Australian Bureau of Statistics said on Friday.
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Australia Holds Interest Rate At 13-Year High
Australia central bank maintained its interest rate for the eighth straight session at a 13-year high on Tuesday as underlying inflation remains too high. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to hold the cash rate target at 4.35 percent. The bank had previously changed its rate in November 2023, when it was lifted by 25 basis points.
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Australia Services Sector Accelerates In October - Judo Bank
The services sector in Australia continued to expand in October, and at a faster rate, the latest survey from Judo Bank revealed on Tuesday with a PMI score of 51.0.
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Australia Producer Prices Climb 0.9% In Q3
Producer prices in Australia were up 0.9 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Friday.
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