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Australia's full-time employment increases for fourth straight month
Monthly trend full-time employment increased by 6,500 in Australia in January 2017, according to figures released by the Australian Bureau of Statistics (ABS) today. This was the fourth consecutive month of increasing full-time employment, after eight consecutive decreases earlier in 2016. Total trend employment increased by 11,700 persons to 11,984,300 persons in January 2017, reflecting an increase in both full-time (6,500) and part-time (5,100) employment. Total employment growth over the year was 0.8 per cent, which was less than half the average growth rate over the past 20 years (1.8%). "We are still ... (full story)
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Australian Employment Rises 13,500 in January, Beating Forecast
Australia’s labor market continued to strengthen at the start of the year, an encouraging sign for policymakers looking to boost economic growth and inflation. In seasonally adjusted terms, employment rose 13,500 in January, the national statistics bureau said in a report on Thursday. Economists projected an increase of 9,700. Employers added a total of 13,500 jobs the month before. Employers have now added jobs consistently for the past four months. The unemployment rate ticked back down to 5.7% in January, as workforce participation declined slightly. The workforce participation rate was 64.6% in January, down ... (full story)
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