Australia's unemployment rate has pushed higher for the second consecutive month, putting pressure on the RBA's stance that the jobs market needed to improve to meet its goals.
In seasonally adjusted terms, the unemployment rate ticked up to 5.2 per cent in April, from an upwardly revisedIn the more stable trend terms, unemployment was steady at 5.1 per cent. The increase was in line with softer leading indicators reported in job ads and business surveys, but higher than the consensus forecast and considerably higher than the RBA's hopes for an improved outlook.Wages grew by just 0.6 per cent in the first three months of the yearWhile jobless queues lengthened — there are now 703,000 Australians out of work — job creation continued at a solid rate.
In seasonally adjusted terms, 28,4000 new jobs were created — with 34,700 new part-time roles outweighing the loss of 6,300 full-time positions.
We need secure jobs via a more diverse economy. VoteSustainable Vote for SustainableAustralia auspol ausvotes ausvotes2019 ausvotes19 democracysausage sausagesizzle
How bad it would be if Andrews Labor government did not created 460000 jobs, and Queensland Labor government did not created 180000 jobs. It is credit to Labor government not Liberals government that jobs unemployment is at 5.2. Liberals don’t know how to create jobs.
I'm now waiting for ScottMorrisonMP trying to spin this increase in unemployment by using his meaningless slogan: 'See look, more people are 'having a go'!'. If I were a betting man I would put money on it! auspol australiavotes2019
the RBA can't do shit; they are redundant in terms of managing the economy; interest rate reductions are meaningless at these levels; the fact we're struggling at these levels says it all; credit cycle is dead - debt cycle at all time highs - prepare to dive!!!
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