Australia Jobless Rate Climbs To 3.7% In January

RTTNews | 1306 days ago
Australia Jobless Rate Climbs To 3.7% In January

(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.7 percent in January, the Australian Bureau of Statistics said on Thursday - higher than expectations for 3.5 percent, which would have been unchanged from December.

The Australian economy lost 11,500 jobs last month, badly missing expectations for an increase of 20,000 after shedding 14,600 in the previous month.

Full-time employment was down 43,300 jobs after climbing 17,600 a month earlier.

The participation rate was 66.5, missing forecasts for 66.6 - which would have been unchanged.

read more
Australia Services PMI Ebbs In August - S&P Global

Australia Services PMI Ebbs In August - S&P Global

The services sector in Australia continued to expand in August, albeit at a slower pace, the latest survey from S&P Global revealed on Thursday with a Purchasing Mangers Index score of 53.2.
RTTNews | 10 days ago
Australia GDP Growth Tops Expectations

Australia GDP Growth Tops Expectations

Australia's economy logged a stronger-than-expected growth in the second quarter, raising prospects of interest rate hikes by the Reserve Bank of Australia. Gross domestic product grew 2.1 percent from the previous year, the Australian Bureau of Statistics said Wednesday. This was slower than first quarter's 2.5 percent expansion but better than forecast of 1.8 percent.
RTTNews | 11 days ago
Australia Building Consents Sink 3.6% In July

Australia Building Consents Sink 3.6% In July

The total number of building permits issued in Australia was down a seasonally adjusted 3.6 percent on month in July, the Australian Bureau of Statistics said on Tuesday - coming in at 17,687.
RTTNews | 12 days ago
Australia Private Sector Credit Rises 0.6% In July

Australia Private Sector Credit Rises 0.6% In July

Total private sector credit in Australia was up 0.6 percent on month in July, the Reserve Bank of Australia said on Monday - missing forecasts for 0.7 percent and down from 0.8 percent in June.
RTTNews | 13 days ago