Unemployment rate increases

AUSTRALIA'S unemployment rate dropped 0.1% to 5.1% in August, surprising economists who had tipped a slight increase.

The Australian Bureau of Statistics reported the number of people employed across Australia fell by 8800 people to 11,498,100, with a drop of 9300 in part-time employment the chief driver.

Full-time employment enjoyed a modest increase of 600 positions.

A tick over 10,000 fewer people were unemployed in August, taking the number to 622,600.

In New South Wales, the unemployment rate fell 0.4% to 4.5%, while in Queensland it was up 0.1% to 5.6%.

The drop in the unemployment rate capped another good week on the economic front for the Federal Government.

Figures released by the ABS showed Australia's economy grew by 0.6% in the June quarter.

Treasurer Wayne Swan was quick to point out Australia's economy had experienced 21 continuous years of growth, a result he described as "stunning".

On Tuesday the Reserve Bank left the cash rate on hold at 3.5%.

Topics:  unemployment rate




Local Real Estate

finda logo
Featured Real Estate
Supurb Quality & Pure... $399,000
House 4 3 3
Rathgar House - Mayoral... Offers Over...
House 10 5
Quality Family-Sized... $329,000
House 4 2 3
10 Acres of Orara... $129,500
Rural 0 0

Featured Jobs

finda logo

Clarence Valley jobs listed daily

Featured Jobs
We are seeking an... Coffs Harbour Full Time
FULL TIME WEB... Fortitude Valley Full Time 75,000 - 90,000
GENERAL MANAGER ... Gladstone Full Time $120 - $150
Admin Officer ... Grafton Part Time


Local Partners

LATEST DEALS AND OFFERS

Free Seed Packets

with token from today's paper
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Post an ad from $30
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

View today's ePaper!

Read the digital edition
Learn More

Horoscopes

Virgo

By being clear and decisive in what you want today, you will free up a lot more energy for the things you really yearn for in your spare time.

read more

Marketplace

Special Offers & Promotions

Compare & Save