BREAKING: Unemployment fell to a fresh 48-year low of 3.5 per cent in June as 88,000 people found work in Australia’s increasingly tight labour market.
Unemployment fell to a fresh 48-year low 3.5 per cent in June as 88,400 people found work in Australia’s increasingly tight labour market which now has about one jobseeker for every advertised position.
“The large fall in the unemployment rate this month reflects more people than usual entering employment and also lower than usual numbers of employed people becoming unemployed.” “The strong increase in female employment, which accounted for around two-thirds of the total increase , saw their employment-to-population-ratio rise to a new record high of 60.3 per cent,” Mr Jarvis said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Unemployment plunges to 3.5 per cent, with nearly 90,000 jobs added in JuneAustralia's official unemployment rate drops to 3.5 per cent, with an estimated 88,400 jobs added to the economy last month.
Read more »
RBNZ lifts rates by half a percentage point to 2.5pcNew Zealand’s central bank delivered its third consecutive half percentage point rate rise, and signalled it will continue to tighten policy “at pace”.
Read more »
Bank of Canada lifts key rate by full point to 2.5pcThe unexpected monetary jolt illustrates the extent to which officials are spooked by soaring inflation; it was the largest increase since 1998.
Read more »
ASX to open flat, global stocks and oil prices dip, RBNZ to lift cash rateAustralian shares are expected to start the day flat after world stocks traded mixed while oil prices dipped.
Read more »