Australia Employment and Unemployment Rate
Publish Date : 2019/07/18 - 05:51

TheAustralian Dollar Gained Thursday despite a miss for June’s job creation, as full-time roles gained strongly and overall participation held up.

Thursday’s figures from Australia showed that employment surged in June but the unemployment rate stayed at 5.2%, so the need for more policy stimulus is felt.


Sorce: Reuters.com

Reserve Bank of Australia has recently estimated that the jobless rate will need to fall to 4.5% and for achieving this goal they cut interest rate two times from June to 1%. Economists expect another rate cut by November. They also believe to a further slowdown in employment growth over next six month.

Source: Reuters.com

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