Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

October unemployment figures steady

Staff Reporter 1 minute read

The unemployment rate remained unexpectedly steady in October despite deteriorating economic conditions and predictions it will rise to 5.75 per cent by 2010.

According to ABS figures released yesterday, the national unemployment rate held steady at 4.3 per cent in October.

The result was spurred by 43,500 new part time jobs; full time employment fell by 9,200.

While October’s figures remained strong, evidence is growing that more Australians are set to lose jobs.

The Commonwealth Bank is the latest institution to be rumoured to be cutting staff; while last week’s ANZ job ad series for October showed internet and newspaper job ads were down almost ten per cent year on year.

Advertisement
Advertisement

Published: 07-11-08

October unemployment figures steady
default
TheAdviser logo
default
more from the adviser
expenses Major bank overhauls assessment process

A big four bank has bolstered its assessment team and will priori...

drop rate down Industry reacts to cash rate decision

The Reserve Bank of Australia has announced its decision to leave...

taxes850 Ignorance of extended asset write-off a boon for brokers

More than a third of SMEs are unaware of the extended instant ass...

FROM THE WEB