Job losses entirely led by part-time work April unemployment 5.5% vs 5.6% consensus Underemployment hits 7-year trough A$, benchmark share index climb to day’s high (Adds economist comment)
SYDNEY, May 20 (Reuters) - Australia’s jobless rate fell for a sixth consecutive month in April to the lowest in a year despite a drop in employment as fewer people went looking for work, sending the local dollar and share market climbing.
Thursday’s figures from the Australian Bureau of Statistics (ABS) showed a decline of 30,600 jobs in April, confounding economists’ expectations for a 15,000 increase. The decline was entirely led by part-time positions which slumped by 64,400 while full-time work climbed 33,800.
Australia Jobless Rate Falls To 5 5% In April forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
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Census data shows over 3.6 million people volunteer: Australia
It’s National Volunteer Week and time to celebrate Aussies who give their time and skills to help those in need by giving back to their local communities.
According to 2016 Census data, over 3.6 million people said they had volunteered in the past year.
Andrew Henderson, Census Executive Director and National Spokesperson said, “National Volunteer Week is a good time to recognise our volunteers and acknowledge the important role the Census plays in providing a comprehensive picture of volunteering in Australia.
“The Census provides information on more than just the numbers of volunteers, it helps us understand their characteristics like where they live, how old they are, occupation and country of birth.
ASX Update: Jobs boost fuels strong rebound
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A resilient ASX rebounded from six-week lows as stronger-than-expected jobs news helped offset wobbly US futures as the cryptocurrency maelstrom raged on.
The
S&P/ASX 200 rallied 56 points or 0.81 per cent by mid-session. Tech stocks, banks and REITS led the advance. Miners and coil companies declined following setbacks in iron ore, copper and crude overnight.
What s driving the market
Value hunters pounced as stocks opened at their cheapest level in around six weeks. The rally accelerated following news the
unemployment rate declined to 5.5 per cent last month from 5.7 per cent. The number of employed declined by 31,000, versus the market consensus of a gain of around 20,000. The dollar bounced 0.22 per cent to 77.37 US cents.
Mia Armitage Independent Byron Shire Councillor Cate Coorey has won approval for a new reporting regime she says will offer clarification on dwellings approved in the shire. Photo Eve Jeffery.
Independent Byron Shire Councillor Cate Coorey won approval from fellow councillors last week for a new reporting regime she says will offer clarification on dwellings approved in the shire.
The new six-monthly reports are to show how many dwellings – as opposed to other building projects – are approved in the Byron Shire in that time as well as how many new residential lots have been created.
The move came after an earlier request from Cr Coorey was also supported by the council: to see how many dwellings had been approved in the shire between 2018 and 2021.