20 Pips a day keeps centerlink away
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Australian job growth not quite as robust as statistics suggest
Australia's labour market is not expanding as quickly as official figures suggest, according to HSBC, but jobs growth in service industries is more than compensating for the mining downturn. Chief economist for Australia Paul Bloxham says in a note on Thursday that a calculation based on advertisements and vacancies suggests a net 340,000 jobs were created over 2014 and 2015, compared with Australian Bureau of Statistics survey estimates of 477,000. The bank also developed a predictive labour market index which shows steady growth in jobs since mid-2013, albeit at a slower pace than the official rate. But nor is the ... (full story)
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- Feb 11, 2016 1:06am Feb 11, 2016 1:06am
- PaulDaemon
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- Feb 11, 2016 4:42am Feb 11, 2016 4:42am
- cogs
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