AUD/USD pitches back down to the base of its range after US data eclipses Aussie employment figures. The rapid reversal is surprising since the Australian data was stellar whilst the US data was unremarkable. A deeper analysis of the Australian jobs data might reveal why its upside influence was so ephemeral. AUD/USD is trading back down...
Category: Jobs
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Strong February Employment Data Bear Down on Australian Shares
Australian shares fell on Friday as a strong showing in the domestic job market fanned concerns that the Reserve Bank of Australia will delay rate cuts. The S&P/ASX 200 Index retreated 11.40 points, or 0.2%, to 7,770.60. Unemployment in Australia surprisingly dropped in February, with the unemployment rate sliding 0.4 of a percentage point to...
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Unemployment rate plunges on back of massive jobs growth
Australia’s unemployment rate has fallen sharply to 3.7 per cent, a large drop from last month’s figure of 4.1 per cent that, while positive news for the economy, lessens the chance of an interest rate cut anytime soon. The decrease comes on the back of the economy adding a significant 116,000 new jobs in February,...
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Why early interest rate cut might not happen – realestate.com.au
Australia’s job market showed an impressive recovery last month, catching economists off guard and signalling a potential delay in interest rate cuts by the Reserve Bank. Australian Bureau of Statistics data published this week showed a staggering 116,500 jobs were added in February, which was nearly three times higher than the anticipated increase of 40,000....
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Blow to Aussies hoping for rate cut
Australia’s jobs market exhibited a remarkable recovery last month, with a shock fall in the unemployment rate suggesting the Reserve Bank will push back any cuts to interest rates, economists warned. The economy added a blockbuster 116,500 jobs in February, the Australian Bureau of Statistics reported on Thursday, far outstripping an expected increase of 40,000....
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Huge jobs gains raise risk of higher interest rates for longer, economists warn
In short: An additional 116,500 Australians were employed in February, the biggest monthly jobs gain on record, outside of the pandemic period. At 3.7 per cent, the unemployment rate is back below where it was in October last year. What’s next? The RBA met on Tuesday and won’t meet again until May 6-7. Thursday’s jobs...
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Australia’s unemployment rate unexpectedly drops from 4.1% to 3.7% in February despite slowing economy
Australia’s jobless rate dived to 3.7% in February as employers shrugged off signs of an economic slowdown to boost staff numbers by triple the level expected. The unemployment rate last month fell from a seasonally adjusted 4.1% in January, the Australian Bureau of Statistics revealed on Thursday. Economists had expected the jobless rate to come...
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Australian February unemployment rate 3.7% (vs. 4.0% expected) | Forexlive
That is a huge drop in the unemployment rate, and a huge number of jobs added. The jobless rate has been assisted by the drop in the participation rate, but I wouldn’t go sullying the figures too much. Jobs data are volatile, but this is a great set of headlines. The Reserve Bank of Australia...
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As it happened: Unemployment rate falls to six-month low as more people find work, US Federal Reserve likely to cut rates by June
The head of Australia’s corporate watchdog has delivered a strong message for Australian company directors complaining about higher regulatory burdens, telling them to act with honesty and integrity. “Being a director is a tough gig,” ASIC chairman Joe Longo said in a keynote speech at the Australian Institute of Company Directors (AICD) governance summit. “You...
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Unemployment Rate in Australia drops to 3.7% in February vs. 4.0% expected
Australia’s Unemployment Rate dropped to 3.7% in February, compared with the expectations of 4.0% and the previous figure of 4.1%, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. Furthermore, the Australian Employment Change arrived at 116.5K in February from 15.3K in January, compared with the consensus forecast of 40.0K. Bjorn...
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Screen Australia and VicScreen launch new Screen Careers initiative – Media centre – Screen Australia
18 03 2024 – Media release LTR Denise Eriksen, Esther Coleman Hawkins, Caroline Pitcher, Ken Crouch and Fiona Gilroy. Photo Credit: Daniel Mahon Screen Australia and VicScreen have unveiled a bold new initiative to address skills shortages in the Australian screen industry. Over the next four years, the agencies will provide a...
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Screen Careers: VicScreen and Screen Australia launch skills initiative | ScreenHub Australia – Film & Television Jobs, News, Reviews & Screen Industry Data
Screen Australia and VicScreen have announced a new initiative – Screen Careers – to address skills shortages in the Australian screen industry. Over the next four years, the agencies will provide a combined $1.4 million to support the initiative, which will be based out of Melbourne. Screen Careers, they say, will deliver ‘tailored, industry-led training...