Australia Posts Positive Employment Data
hu, Jul 10 2008, 11:37 GMTby Andrei Pehar
fxKnight.com
29,800 new jobs were created Down Under last month, a number nearly three times the amount analysts had been expecting. 25,600 were lost during the previous month. The overall unemployment rate dropped slightly from 4.3% to 4.2%.The employment news brings some light to an otherwise fairly negative week for the continent, which saw consumer sentiment drop by another 6.7% (it dropped 5.6% the prior month), and home loans drop by 7.9%, nearly double past month's decline of 4.2% (a figure which already includes a revision to the downside). Business confidence came it at -9, compared with -4 the month before.
fxKnight.com
29,800 new jobs were created Down Under last month, a number nearly three times the amount analysts had been expecting. 25,600 were lost during the previous month. The overall unemployment rate dropped slightly from 4.3% to 4.2%.The employment news brings some light to an otherwise fairly negative week for the continent, which saw consumer sentiment drop by another 6.7% (it dropped 5.6% the prior month), and home loans drop by 7.9%, nearly double past month's decline of 4.2% (a figure which already includes a revision to the downside). Business confidence came it at -9, compared with -4 the month before.
Labels: Australia, employment
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