ABS 6202.0 - Labour Force, Australia, August 2017. Jobless rate steady at 5.6%.
ABS 6202.0 - Labour Force, Australia, August 2017. Jobless rate steady at 5.6%.; Full-time employment increased 40,100 to 8,392,300 and part-time employment increased 14,100 to 3,876,700
Employment increased 27,100 to 12,249,500. Unemployment decreased 2,200 to 723,200. Unemployment rate remained steady at 5.6%. Participation rate increased by 0.1 pts to 65.2%. Monthly hours worked in all jobs increased 3.9 million hours (0.2%) to 1,708.6 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)
Employment increased 54,200 to 12,269,000. Full-time employment increased 40,100 to 8,392,300 and part-time employment increased 14,100 to 3,876,700. Unemployment decreased 1,100 to 727,500. The number of unemployed persons looking for full-time work increased 6,400 to 501,600 and the number of unemployed persons only looking for part-time work decreased 7,500 to 225,900. Unemployment rate remained steady at 5.6% Participation rate increased by 0.2 pts to 65.3%. Monthly hours worked in all jobs increased 6.1 million hours (0.4%) to 1,705.4 million hours.
Jobs bonanza: Quarter of a million jobs added in 6 months to August 2017
Employment rose for the 11th straight month, up by 54,200 in August after rising by 29,200 in Jul (previously reported as a rise of 27,900 jobs). Full-time jobs rose by 40,100 while part-time jobs rose by 14,100. Economists had tipped a 15-20,000 increase in jobs.
Hours worked rose by 0.4 per cent in August and were up by 2.6 per cent over the year. Trend hours worked rose 2.7 per cent over the year, equalling the fastest growth in 6½ years.
The unemployment rate was steady at 5.6 per cent. The participation rate rose 0.2 percentage points to 65.3 per cent.
It's only because RBA rates are at RECORD ALL TIME low's.....Just like the U.S has been for basically 10 years lol!
If rates were to rise......and they may well in the new year......things will change.
Lets just wait and see hey???
Lending rates are only just below post WW2 interest rates, so it's not such a big deal. Borrowing rates stayed below 6% for a couple of decades and didn't hit 7% until around 1974. The high rates seen in the period from 1976 to 1996 were an aberration that will probably never happen in your lifetime.
Take risks - if you win you will become wealthy, if you lose you will become wise
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