Australian Unemployment Climbs Despite Surge in Full-Time Jobs
Thursday, 20 February 2020 07:55 WIB | ECONOMY |Ekonomi AustraliaUnemployment

Australia unemployment unexpectedly rose in January despite a surge in full-time employment as more people sought work.

Employers added 13,500 jobs last month, compared with economists™ estimatesof a 10,000 gain, data from the Australian Bureau of Statistics showed Thursday. The jobless rate climbed to 5.3% compared with a forecast 5.2%, while participation increased to 66.1%.

The data extends a three-year run of hiring strength that has withstood volatility offshore and a slowdown at home. Yet the job market™s health has failed to push unemployment lower and wages higher as it coincided with a swelling labor force. This led the Reserve Bank of Australia to cut rates three times last year to buttress investment and drive faster growth and inflation.

Source : Bloomberg

RELATED NEWS

Jobless claims soar again in early April as coronavirus layoffs swell to nearly 17 million
Thursday, 9 April 2020 20:19 WIB

The latest round of coronavirus-induced layoffs and furloughs soared by another 6.6 million in the first week of April, bringing total job losses in less than a month to a stupefying 16.8 million. Initial jobless claims, a rough proxy for job losses, have now posted increases of 6.6 million, 6.9 mi...

U.S. Shed 701,000 Jobs in March in Foretaste of Worse to Come
Friday, 3 April 2020 19:48 WIB

The U.S. economy shed 701,000 jobs in the month to mid-March, the government said in a monthly labor market report that largely predates any impact from the Covid-19 pandemic on the U.S. economy. The figures, normally the most eagerly-awaited data of the month in global financial markets, have alre...

U.S. Initial Jobless Claims Leap to Record 6.65 Million
Thursday, 2 April 2020 19:52 WIB

The number of Americans applying for initial unemployment benefits surged to a new record 6.65 million last week, the U.S. Labor Department said on Thursday, as the full impact of the fallout from the coronavirus pandemic on the labor market became apparent. The increase dwarfed the prior week™s ...

U.S. Factory Activity Contracts In March; Orders Tumble To 11-Year Low
Wednesday, 1 April 2020 21:30 WIB

U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists' views that the economy was in recession. The Institute for Supply Management (ISM) said on Wednes...

U.S. Private Sector Sheds 27,000 Jobs in March: ADP
Wednesday, 1 April 2020 19:43 WIB

The U.S. private sector shed 27,000 jobs in March, according to a report by payrolls processor ADP, before the worst of the impact of the coronavirus pandemic on the U.S. labor market was seen. Economists had expected the report to show a much larger loss of 150,000 jobs. February™s figure was re...

ANOTHER NEWS
China President Pledges Help to South Africa in Coronavirus Fight
Thursday, 9 April 2020 23:55 WIB Chinese President Xi Jinping is offering support and resources to African countries, especially South Africa, in their fight to control the COVID-19 epidemic. China state media said Xi recounted during a Wednesday phone call with South African...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.