Markets

The Aussie dollar is surging after jobs data smashed expectations

The Aussie dollar surged after jobs data smashed expectations. The Aussie soared to 76.38 US cents after the data. It had bought 75.88 cents at 11:29am. A short while ago it was trading at 76.18. The currency rose to the highest level since April 3 in the previous session. A […]
The Aussie dollar is surging after jobs data smashed expectations
Markets

Coca-Cola is quitting manufacturing in South Australia

Coca-Cola Amatil will close its manufacturing unit in South Australia in a move that would affect 180 employees and contractors. The company, which reported a 37.4 per cent fall in full-year profit to $246.1 million due to non-cash impairment at its fruit packaging company SPC, said it will instead invest […]
Coca-Cola is quitting manufacturing in South Australia
Markets

Your 10-second guide to today’s Australian jobs report

Later this morning the Australian Bureau of Statistics will release its April Jobs report. With Australian wages growing at the slowest pace on record, some analysts believe that a weak outcome today could lay the foundation for the Reserve Bank of Australia to follow up its May rate cut with […]
Your 10-second guide to today’s Australian jobs report
Markets

NAB: Australian job growth could be ‘unbelievably strong’ in March

After a stellar run over the second half of 2015, Australian employment growth has hit the wall in the past three months, falling by 6,600 between December and February after seasonal adjustments. The series of underwhelming jobs reports, along with nuances in the way the ABS survey is conducted, has […]
NAB: Australian job growth could be ‘unbelievably strong’ in March
Markets

Where analysts are looking for job trends as the ABS data has come under fire

Persistent concerns surround the reliability of Australia’s official jobs report, has seen markets and policymakers alike look to alternate labour market indicators to reaffirm, and in some times question, the strength in the monthly official statistics from the ABS. The ANZ job ads survey and skilled vacancies report from the […]
Where analysts are looking for job trends as the ABS data has come under fire
Markets

Australia’s jobless rate just spiked unexpectedly

Australian employment growth has missed expectations in January, falling by 7,900 against expectations for an increase of 13,000. Despite the decline, the second in a row, employment growth from a year earlier rose by 2.57% to 298,300. Total employment now stands at 11,894,500 persons, down from the record high level […]
Australia’s jobless rate just spiked unexpectedly
Markets

Your 10-second guide today’s Australian jobs report

The often volatile and increasingly controversial Australian labour force survey for January will be released by the Australian Bureau of Statistics (ABS) at 11.30am AEDT. Here’s the state of play. In December employment fell by 966, beating forecasts for a decline of 10,000. Full time employment jumped by 17,559, completely […]
Your 10-second guide today’s Australian jobs report
Markets

NAB: Here’s what’s happening with Australia’s wild jobs data

In a world of uncertainty, there’s one thing markets can rely upon. When it comes to Australia’s jobs report, it’s to expect the unexpected. The notoriously volatile seasonally-adjusted figures, regularly making a mockery of those brave enough to forecast them, certainly has its critics. Only last year the former head […]
NAB: Here’s what’s happening with Australia’s wild jobs data
Markets

Here are the encouraging signs for Australia’s job market

The number of Australian skilled job vacancies continued to increase in November, adding to growing evidence that labour market conditions are strengthening. According to the Department of Employment’s internet vacancy index, the number of job vacancies grew by a further 1.2% in November in trend terms, leaving the annual increase […]
Here are the encouraging signs for Australia’s job market
Markets

AUSTRALIAN JOBS REPORT STUNS: +71,400…

For a second consecutive month, Australia’s labour market has stunned investors. In November 71,400 jobs were created, smashing expectations for a decline of 10,000. It was the largest monthly increase in employment since July 2000, right before the Sydney Olympic Games were held. Full time employment soared by 41,600, outpacing […]
AUSTRALIAN JOBS REPORT STUNS: +71,400…
Markets

Everyone’s changing their rate cut calls

Australia’s unbelievably strong October jobs report has got the markets talking, not only because of its strength but also its questionable reliability. It has also got many economists rejigging their RBA rate forecasts in the months ahead. Having now come and gone, it’s time to see what Australia’s economic community […]
Everyone’s changing their rate cut calls
Markets

AUSTRALIAN EMPLOYMENT SOARS BY 58,600

Australia’s jobs report for October has just been released, and it’s smashed expectations. Over the month employment jumped by 58,600, well above the median market forecast for an increase of 15,000. The increase was the largest since March 2012. Full time employment jumped by 40,000, overshadowing a 18,600 increase in […]
AUSTRALIAN EMPLOYMENT SOARS BY 58,600