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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 Keeps Key Rate Unchanged As Expected
The Reserve Bank of Australia left its benchmark rate unchanged, as widely expected, but cautioned about pronounced geopolitical uncertainties. The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.10 percent. In February, the bank had reduced the rate by 25 basis points, which was the first cut since 2020.
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1 дней спустя
Australia Retail Sales Rise 0.2% In February
The value of retail sales in Australia was up a seasonally adjusted 0.2 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at A$37.129 billion.
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1 дней спустя
Australia Manufacturing Sector Accelerates In March - S&P Global
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 52.1.
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1 дней спустя
Australia Private Sector Credit +0.5% In February
Private sector credit in Australia was up 0.5 percent on month in February, the Reserve Bank of Australia said on Monday - steady from the January reading.
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2 дней спустя
Australia Inflation Eases Slightly In February
Australia consumer price inflation softened unexpectedly in February, raising hopes of another interest rate cut in coming months. The monthly consumer price index rose 2.4 percent year-on-year in February, after holding steady at 2.5 percent in the previous two months, the Australian Bureau of Statistics reported Wednesday.
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7 дней спустя
Australia Manufacturing Sector Accelerates In March - S&P Global
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.6.
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9 дней спустя
Australia Unemployment Rate Steady At 4.1%
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in February, the Australian Bureau of Statistics said on Thursday - in line with expectations and unchanged from the January reading.
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13 дней спустя
RBA's Hunter Says Monetary Policy Is Always Data Dependent
The monetary policy is always data dependent and the link between the central bank's forecast and policy decision is not mechanical, Reserve Bank of Australia Assistant Governor Sarah Hunter said Tuesday. There are always risks and uncertainties around the central forecast and the baseline pathway is just one of a vast number of possible outcomes, she said in Sydney.
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15 дней спустя
