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.

Unemployment remains low

Staff Reporter 1 minute read

Australian unemployment crept up to 4.4 per cent in November but remains low in comparison with other markets.

While the figure represented a one year high and more than 15,000 job cuts it was only a fractional 0.1 per cent above the 4.3 per cent recorded in October and little higher than the 33 year low of 4 per cent recorded earlier in the year.

Compared to the United States and UK domestic employment also continues to fare well. Unemployment has already reached 6.7 per cent in the US and 5.7 per cent in the UK.

The government has forecast the jobless rate to rise to 5 per cent by June 2009.


Unemployment remains low
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
mortgage document sign ta 1 in 5 borrowers lies on loan applications

One-fifth of Australians have admitted to not telling the whole t...

money au ta Judo Bank valued at $1.9bn after equity raise

The SME challenger bank has announced its latest equity funding r...

gentlmen handshake Choice announces commercial white label service

The aggregator has partnered with a finance brokerage to add a co...