Asian Markets Mostly Higher Amid Cautious Trade
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Thursday, despite the lack of cues overnight from Wall Street, after the Beige Book revealed that the U.S. economy strengthened from late May to early July, with the pace of growth described as moderate to robust, boosting the prospects of a faster global economic rebound. Asian markets closed mostly lower on Wednesday.
However, the upside is capped as traders remained cautious amid mounting fears over the surge in the fresh wave of COVID-19 infections in several markets in the region and across the world. It is also feared that more countries will likely impose stricter restrictions and lockdown, which will hamper economic activity.
Australia s unemployment rate has fallen below 5 per cent for the first time in a decade.
The jobless level fell from 5.1 per cent to 4.9 per cent in June, a level unseen since June 2011 as 29,100 new positions were created last month, the Australian Bureau of Statistics has revealed.
The number of full-time jobs rose by 51,600, to a level above nine million for the first time ever, as part-time employment fell by 22,50 to 4.1million.
Last month, a record 13.154million Australians were employed, with the figures taken during the first fortnight of June before greater Sydney was plunged into lockdown.
Australia s unemployment rate has fallen below 5 per cent for the first time in a decade. The jobless level fell from 5.1 per cent to 4.9 per cent in June, a level unseen since June 2011 as 29,100 new positions were created last month, the Australian Bureau of Statistics has revealed. Pictured is a store worker at Bankstown in Sydney s south-west
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The ‘Rest of Australia’ series is derived by subtracting the seasonally adjusted Victoria series from the seasonally adjusted Australia series. National and state and territory series are independently seasonally adjusted and do not sum to the Australia series.
The underemployment rate, having fallen in recent months, increased by 0.5 percentage points to 7.9 per cent in June. This mainly reflected the fall in hours worked in Victoria, with the state’s underemployment rate increasing by 2.3 percentage points to 10.1 per cent.
The underutilisation rate, which combines unemployment and underemployment, increased by 0.3 percentage points to 12.8 per cent. This was the first increase in underutilisation rate since September 2020.
Australia Unemployment Rate Falls To 4 9% In June 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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Farmers encouraged to share their experiences in Agricultural Census
The National Farmers’ Federation is encouraging farmers to participate in the Agricultural Census to provide an accurate picture of the nation’s agricultural activity.
From this month, the Australian Bureau of Statistics (ABS) will be asking farmers about their agricultural production, land and water use in 202-21.
The participation of farmers is crucial to ensure statistics accurately reflect the reality of what is happening across the agricultural sector. These statistics can help inform policy and programs that will help drive profitability and productivity of the sector. The concept around getting accurate, timely and informed data that helps makes better decision making is a sound one.