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Australia’s unemployment rate declines to 4 per cent in May

Australia’s unemployment rate declines to 4 per cent in May

Australia’s headline unemployment rate was 4 per cent in May, down 0.1 percentage points from April. The unemployment rate declined slightly because employment rose by 40,000 people in May, and the number of officially unemployed people fell by 9,000. The Bureau of Statistics says in April there had been more unemployed people than usual who...

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The latest building stats are in — here’s what they say about the future of the housing crisis

The latest building stats are in — here’s what they say about the future of the housing crisis

Decade-low building approvals could spell disaster for the future of the Australian government’s ambitious plans to tackle the worsening housing crisis, property experts say. New statistics released by the Australian Bureau of Statistics show the total number of dwellings approved in April fell by 0.3 per cent from the month prior. Approvals were also down...

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Australia’s unemployment rate rises to 4.1 per cent in April

Australia’s unemployment rate rises to 4.1 per cent in April

Australia’s headline unemployment rate rose to 4.1 per cent in April, up 0.2 percentage points from March. The number of people counted as officially unemployed increased by 30,300 last month, while the number of employed people increased by 38,500. With employment and unemployment both rising, the participation rate rose by 0.1 percentage points, to 66.7...

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What’s the unemployment rate in your region? This data tells you

What’s the unemployment rate in your region? This data tells you

Do you feel like the unemployment rate doesn’t reflect the reality of where you’re living? Australia’s headline unemployment rate is currently 3.8 per cent, in seasonally adjusted terms. But that’s a national figure, so it masks big differences in labour markets across the country, and within cities themselves. For example, in Sydney’s eastern suburbs, where...