September Jobs Data Looking Shithouse
By SmallStocks on Oct 14, 2008 in Business
Unemployment in Australia ain’t looking so great, with key figures indicating that things are continuing to get worse. Australia’s current employment rates remain steady around 4.2% but some of the major banks have commented around the market today that things are forecasted to deteriorate.
ANZ Bank (ANZ) has commented that unemployment rate will rise to approximately 5.75% by the end of 2009. Compare this to Septembers rate of 4.3% and you can see that things are still going to get a lot worse before they get better.  Total job advertisements fell again in September, down 1.4% in the month, following a 4.9% decline in August.
Key Statistics included:
- Employment increased to 10,737,000
- Unemployment  decreased to 474,100
- Unemployment  Rates remained steady at 4.2%
- Participation Rates remained steady at 65.2%
- Job Ads in Major Newspapers and on the Internet fell to 245,734 per week.
- Internet ads fell 1.5% in September to an average 230,529 a week.
You must be logged in to post a comment.