2197
Australia Sees Job Growth
World Economy

Australia Sees Job Growth

Australia’s record jobs growth in August was too good to believe. The statistics bureau today said it will drop the widely watched seasonally adjusted figure, which showed the nation of 23 million people added 121,000 jobs in August, in favor of its raw data, which showed 32,100 started work. Large swings in employment data are making it difficult for policy makers and investors to gauge the strength of the economy, with central bank Governor Glenn Stevens yesterday describing the figures as “unusually volatile.” The jump in August jobs followed a surge in seasonally adjusted unemployment to a 12-year high of 6.4 percent in July.

 

Short URL : http://goo.gl/R1T5Xl

You can also read ...

Nigeria Inflation Dips Further
For the eight consecutive months, Nigeria’s inflation rate...
Angola Rating Downgraded
Moody’s Investors Service has Sunday downgraded the long-term...
Modi Assures Economy Strong, in Right Direction
Indian Prime Minister Narendra Modi on Sunday asserted that...
Currently, the total amount of the eurozone’s NPLs is estimated at $1 trillion. However, undercapitalized Italian banks are objecting  to such ECB recommendations.
The European Central Bank is poised to start wrapping up its...
Capital outflows through the banking system have accounted for as much as $27 billion since the crisis.
Unsurprisingly, Qatar has been on the investor radar...
Tanzania Current A/C Deficit Shrinks
Tanzania’s central bank revealed that its current account...
US Household Debt at $12.84t
There’s a scary little statistic buried beneath the US economy...
Every 1% increase in GDP is expected to equal roughly 1.8 million new jobs.
China’s unemployment rate has hit its lowest point in multiple...

Trending

Googleplus