Business Recorder - News https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 18:48:26 +0500 Thu, 13 Aug 2026 18:48:26 +0500 60 Australian joblessness steady at 5.0pc https://www.brecorder.com/news/6414/australian-joblessness-steady-at-50pc <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2011/mar/aus-jobless-400.jpg" width="400" height="225" />SYDNEY: Australia's jobless rate held steady at 5.0 percent for the third straight month in February but the number of unemployed people rose for the first time in a year, by 10,100, figures showed on Thursday. The Australian dollar dipped as the Australian Bureau of Statistics announced the drop in employment, but quickly regained lost ground as economists had expected the number of jobless to rise by 20,000. Full-time employment exceeded predictions with an increase of 47,600 jobs to 8.07million, but the number of people in part-time work fell steeply by 57,700 3.34million, pulling the overall figures lower. The high-yield Australian dollar, which has soared in strength against the US dollar, fell briefly, but then recovered to US$1.0113 from a low of US$1.0089. Analysts explained that while the headline figure was weak, the underlying data was very strong.</p> <p class="MsoPlainText">"That big, 47,000 full time jobs is really the more important number it's a terrific number really," St George Bank senior economist Kate King told AAP news agency. "It offsets the fall in full-time positions last month." The figures demonstrated that Australia's labour market was approaching full capacity as the economy boomed on the back of rising resources prices and massive demand from China and other emerging economic powers, analysts said.</p> <p><center><b><i>Copyright AFP (Agence France-Presse), 2011</i></b><i></i></center></p> SYDNEY: Australia's jobless rate held steady at 5.0 percent for the third straight month in February but the number of unemployed people rose for the first time in a year, by 10,100, figures showed on Thursday. The Australian dollar dipped as the Australian Bureau of Statistics announced the drop in employment, but quickly regained lost ground as economists had expected the number of jobless to rise by 20,000. Full-time employment exceeded predictions with an increase of 47,600 jobs to 8.07million, but the number of people in part-time work fell steeply by 57,700 3.34million, pulling the overall figures lower. The high-yield Australian dollar, which has soared in strength against the US dollar, fell briefly, but then recovered to US$1.0113 from a low of US$1.0089. Analysts explained that while the headline figure was weak, the underlying data was very strong.

"That big, 47,000 full time jobs is really the more important number it's a terrific number really," St George Bank senior economist Kate King told AAP news agency. "It offsets the fall in full-time positions last month." The figures demonstrated that Australia's labour market was approaching full capacity as the economy boomed on the back of rising resources prices and massive demand from China and other emerging economic powers, analysts said.

Copyright AFP (Agence France-Presse), 2011

]]> https://www.brecorder.com/news/6414 Thu, 10 Mar 2011 06:24:55 +0500 none@none.com (Syed Murtaza Gheblehzadeh)