US Edition'No reason to panic': Unemployment rate steady despite shock job losses
- Australia's unemployment rate held steady at 4.1% despite a job loss of 53,000 in February, according to the Australian Bureau of Statistics .
- Bjorn Jarvis of the ABS stated that fewer older workers returning to work contributed to the fall in employment this month.
- JobAdder reported a 44% increase in job applications, indicating a more competitive job market with an average of 41 applicants per job in recent months.
- JobAdder claimed that recruitment is no longer about attracting candidates but managing high volumes and identifying quality talent.
15 Articles
15 Articles
Australia’s Jobless Rate Holds at 4.1 Percent as Workforce Shrinks
Australia’s job market is facing fresh challenges as employment declined by 52,800 jobs in February, while workforce participation fell to 66.8 percent, according to the Australian Bureau of Statistics (ABS). The job losses, which came against expectations of a 30,000-job increase, were partially offset by a steady 4.1 percent unemployment rate. However, economists warn that fewer Australians are actively working or looking for jobs, a sign of g…
Unemployment holds steady despite surprise drop in jobs
The unemployment rate has averaged 3.8pct since Anthony Albanese was elected, a think tank found. (Bianca De Marchi/AAP PHOTOS) By Jacob Shteyman in Canberra Australia’s jobs market remains remarkably resilient, with the unemployment rate holding strong at 4.1 per cent in February despite a surprise fall in employment. About 53,000 jobs were lost from the economy over the month, the Australian Bureau of Statistics reported on Thursday. That was …
Interview: 53,000 job loss 'not as bad as it seems' - FEAR & GREED
The labour market lost 53,000 jobs last month, in the sharpest fall in employment since December 2023. But a decline in the participation rate meant that - despite those job losses - the official unemployment rate remained at 4.1%. Callam Pickering, Senior Economist at jobs platform Indeed, dissects the data with Sean Aylmer. He also looks at the broader employment trends identified by Indeed, and explains why the dip in jobs may not be as bad a…
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