Sunday, 26 January 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Australia's Unemployment Rises in August
Thursday, 19 September 2019 08:52 WIB | ECONOMY |UnemploymentEkonomi AustraliaTingkat Pengangguran,

Australia's unemployment rate rose in August reflecting a slowdown in the economy, and adding to a fast-growing case for interest rates to be cut further in coming months.

Unemployment rose to a seasonally adjusted 5.3% in August from 5.2% in July, as employment growth of 34,700 over the month was outpaced by a jump in the number of people seeking work. Economists had expected an unemployment rate of 5.2% in August, with 20,000 jobs added to the economy.

Rising unemployment will alarm the RBA which cut interest rates in June and July saying it needed to see faster GDP growth and a fall in the jobless rate to 4.5% to spark wages growth and nudge inflation higher.

Full-time job creation fell 15,500 in August, while part-time increased by 50,200, the Australian Bureau of Statistics said Thursday.

Australia's economy grew at its slowest annual pace since 2009 in the second quarter, with a big contribution from export growth keeping the result respectable.

The economy has been sluggish since mid-2018 as consumer spending has slowed due to years of weak wages growth and a big jump in household debt.

RBA Governor Philip Lowe said recently that he sees signs of a "gentle turning point" for the economy. The RBA cut interest rates for the first time since 2016 this year, and the government rolled out income tax cuts, amid hopes the tonic would help to spur more confidence and spending.

Source : Bloomberg       

RELATED NEWS
BOE Rate Cut in Doubt Amid Signs of Post-Election Growth Bounce...
Friday, 24 January 2020 16:43 WIB

A closely watched measure of U.K. economic activity surged to the highest since 2018 in January, undercutting the case for a Bank of England interest-rate cut next week. IHS Markit's flash index for ...

Germany Starts to Shake Off Slump With Better Start to 2020...
Friday, 24 January 2020 15:49 WIB

Germany economy took a big step to putting the horrors of 2019 behind it, opening the new year with a pickup in activity and business confidence. IHS Markit's composite Purchasing Managers' Index ros...

Tingkat pengangguran Australia turun ke terendah 9 bulan, dapat mencegah penurunan suku bunga...
Thursday, 23 January 2020 08:59 WIB

Ketenagakerjaan Australia melampaui perkiraan untuk bulan kedua pada bulan Desember mendorong tingkat pengangguran ke level terendah sembilan bulan, peningkatan yang sangat dibutuhkan yang dapat mence...

U.K. Retail Sales Extend Worst Run on Record Despite Discounting...
Friday, 17 January 2020 16:47 WIB

U.K. consumers stayed away from the stores during the key Christmas trading period, despite widespread discounting and a break in the political impasse over Brexit.  The volume of goods sold in ...

China's Economy Grew 6% in Fourth Quarter as Demand Stabilized...
Friday, 17 January 2020 09:14 WIB

China™s economy stabilized last quarter after slowing to the slowest pace in almost three decades, as rising demand and easing trade tensions supported sentiment. Gross domestic product rose 6...

LATEST NEWS
Stocks end lower on worries over coronavirus outbreak

Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P...

Oil Drops The Most Since May on Fears Coronavirus Will Hit Growth

Oil posted its worst week since May as the coronavirus outbreak continues to pressure prices. A slowdown in China's economy would impact demand because China is the world's largest crude oil importer, after importing a record 10.12 million barrels...

Gold prices notch gains for the day and week as coronavirus fears intensify

Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to grow. February gold closed $6.50, or 0.4%, higher at $1,571.90 an ounce on Comex. The metal also...

POPULAR NEWS
Gold futures finish at their highest in more than 2 weeks
Friday, 24 January 2020 01:53 WIB

Gold futures settled at a more than two-week high on Thursday, as worries surrounding the spread of the coronavirus led to weakness in the U.S....

Gold prices notch gains for the day and week as coronavirus fears intensify
Saturday, 25 January 2020 02:08 WIB

Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to...

Hong Kong stocks flat after week of virus jitters
Friday, 24 January 2020 09:09 WIB

Hong Kong shares were flat in Friday's opening trade as the market stabilised following a week of investor nerves over China's coronavirus...

Hong Kong Stocks Sharply Down on Virus Fears (Review)
Friday, 24 January 2020 04:24 WIB

Hong Kong equities closed sharply lower on Thursday as investors took flight over the deadly SARS -like virus that has spread from China. The Hang...