Employment in Australia increased by 24,500 to a record peak of 14.64 million in July 2025, sharply picking up from a downwardly revised 1,000 rise in the previous month but slightly below market consensus of a 25,000 gain.
Full-time employment surged 60,500 to a record peak of 10.13 million, swinging from a downwardly revised 36,700 gain in June. However, part-time employment declined by 35,900 to 4.52 million, erasing a downwardly revised 37,600 increase in June.
The employment-to-population ratio edged up to 64.2%, with the participation rate steady at 67.1%. Year-on-year, total employment grew by 263,700, or 1.8%.
Source : Trading Economics
Australia will release its July monthly employment report on Thursday at 1:30 GMT, following the Reserve Bank of Australia (RBA) decision to trim the Official Cash Rate (OCR) by 25 basis points (bps) ...
President Donald Trump said he is considering a lawsuit against Federal Reserve Chairman Jerome Powell over the renovation of the central bank's headquarters, a project whose cost overruns have been i...
US Treasury Secretary Scott Bessent gave an interview with Fox Business late Tuesday, touching on various policy topics both at home and abroad. According to Bessent, the US Supreme Court will be swa...
Increasing revenues flowing into U.S. government coffers from tariffs would make it difficult for the Supreme Court to rule against the Trump administration on the issue if a lower court case makes it...
U.S. trade officials plan to meet with their Chinese counterparts within the next two or three months to discuss the future of economic relations between the two countries, Treasury Secretary Scott Be...
The U.S. dollar was under pressure on Thursday as traders piled into wagers that the Federal Reserve will resume cutting interest rates next month, powering bitcoin to a record high, while a blistering rally in global stocks took a...
Gold (XAU/USD) struggles to capitalize on its modest Asian session gains to a three-day peak and attracts some intraday sellers near the $3,375 region. The global risk sentiment remains well supported by the optimism over an extension of the...
Oil steadied near a two-month low after the International Energy Agency said the market is on track for record oversupply next year. Brent traded near $66 a barrel after closing at its lowest since June 5 on Wednesday, while West Texas...
On April 6, the Sunday after Donald Trump announced the "Liberation Day" tariffs, Treasury Secretary Scott Bessent joined the president on his...
US President Donald Trump, in his speech on Monday night (August 11th), expressed his determination to "liberate" Washington, D.C., from crime,...
About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the...
From McDonald's and Coca-Cola to Amazon and Apple, U.S.-based multinationals are facing calls for a boycott in India as business executives and...