Australia's unemployment rate falls to 5.5 pct

Source: Xinhua| 2018-02-15 11:02:03|Editor: Chengcheng
Video PlayerClose

SYDNEY, Feb. 15 (Xinhua) -- Australia's unemployment rate for the month of January dropped to 5.5 percent on Thursday, in line with market expectations.

For a record 16 straight months, Australia has managed to strengthen its labour force and there are now more Aussies in work than ever before, at 12.453,50 million.

But although the Australian Bureau of Statistics figures were positive overall falling from 5.6 percent in December last year, there was a substantial loss of full time work.

While 65,900 part-time positions were created over the busy Christmas holiday period, full time roles declined by 49,800, resulting in an increase of 16,000 jobs nationwide in seasonally adjusted terms.

"High underemployment means that the unemployment rate will have to fall well below 5.0 percent before the labour market generates much wage and price inflation," Capital Economics chief Australia and New Zealand economist Paul Dales said.

"So while the continued strength of the labour market will support consumption growth this year, without much more wage inflation the Reserve Bank of Australia isn't going to raise interest rates."

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369773361
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲国产综合精品中文第一区 | 精品少妇一区二 | 伊人久久大香线蕉综合5g | 亚洲欧美另类激情校园动漫卡通 | 亚洲无遮挡免费在线观看 | 骚包在线-最新中文字幕 |