In short: Economic downturn in New Zealand is leading to job losses with unemployment expected to hit 5 per cent by the end of the year. More Kiwis than ever are choosing to move abroad and data shows Australia is now gaining 2,000 more New Zealanders every month as they go in search of opportunity. What’s...
Category: Jobs
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Critical Minerals Funding Helps Deliver Future Made In Australia
The Albanese Government will support a further two major critical minerals projects in Queensland and South Australia, helping deliver the building blocks for a future made in Australia while creating hundreds of jobs and opportunities. The Government will provide $400 million in new loans to Australian company Alpha HPA to deliver Australia’s first high-purity alumina...
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Australian job market volatility continues amid softening: Morgan Stanley By Investing.com
Investing.com – April’s labour data continued its recent volatility on Thursday, as rose more than expected while rose sharply. According to analysts from Morgan Stanley (NYSE:) Australia, this pattern of gradual softening aligns with the expectations of RBA policymakers and is partially offset by increases in government spending, which help mitigate cyclical weaknesses. The data...
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Cannes Competitors – Event Information | ScreenHub Australia – Film & Television Jobs, News, Reviews & Screen Industry Data
With the Cannes Film Festival fast approaching, we’re spotlighting past works by the filmmakers selected to screen in competition. Get up to speed with their most recent and best films to date. To kick off our program we’re screening the short works of Agathe Riedinger whose feature film debut Wild Diamond could crown her the discovery of the festival....
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Australian Dollar depreciates after mixed Aussie employment data amid recovered US Dollar
The Australian Dollar loses ground due to dovish sentiment surrounding RBA’s policy stance. The Australian Unemployment Rate increased to 4.1% in April, from the previous reading of 3.9%. The US Dollar lost ground after the release of the lower CPI and Retail Sales data on Wednesday. The Australian Dollar (AUD) snapped its three-day winning streak...
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Australian dollar has lost a few spreads on the unemployment rate jump back above 4% | Forexlive
The Australian employment report for April 2024 showed the unemployment rate jumping to 4.1% from 3.9% expected and 3.8% in March. Let me cover the excuses you’ll hear The participation rate rose. OK, yes it did Employment (jobs added) rose 38.5K. Yes, it did. Full time employment fell 6K, the entire jobs added were part...
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Australia’s unemployment rate rises to 4.1% reducing chance of another RBA interest rate hike
Australia’s jobless rate rose more than expected last month as more people looked for work, easing risks of another Reserve Bank rate hike. The unemployment rate in April was 4.1%, seasonally adjusted, compared with a revised 3.9% for March, the Australian Bureau of Statistics said on Thursday. Economists had predicted the jobless rate would edge...
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Australian jobless rate rises to 4.1% in April, despite jobs gain
SYDNEY, May 16 (Reuters) – Australian employment rose by more than expected in April, while the jobless rate climbed as the growth in workforce outpaced job creation, a sign the labour market is loosening gradually. Figures from the Australian Bureau of Statistics on Thursday showed net employment rose 38,500 in April from March. Market forecasts...
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Australia: Mixed news from the labour front
Employment growth of 38,500 was stronger than the consensus expectation for 23,700 job gains in April. But the good news ends there. Full-time jobs with their higher wages and other benefits fell by 6,100 and there was a small downward revision to the previous month’s gains. Part-time employment growth made up all of the increase in the headline...
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Australian jobs report due today – meanwhile the RBA remain comfortable with wage growth | Forexlive
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not...
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WA resources sector continues to drive jobs
The Western Australian resources sector delivered a record number of full-time equivalent jobs in 2023 while also achieving sales of $246 billion. The 130,165 full time jobs was an increase of more than 12,000 positions, with the jump driven by strong levels of mining and construction activity. Iron ore remained a highlight for the state,...
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Live: Unemployment rate rises to 4.1 per cent in April as Australian share market trades higher
The increase to the unemployment rate in April is a sign that Australia’s tight labour market is finally beginning to loosen, according to Betashares chief economist David Bassanese. He says overall, the data is a “fairly mixed report” but the unemployment rate is still quite low compared to historical standards. “Overall, I think what this...