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Australia Unemployment Rate Climbs To 4.3% In June
(RTTNews) - The jobless rate in Australia came in at a seasonally adjusted 4.3 percent in June, the Australian Bureau of Statistics said on Thursday.
That was above expectations for 4.1 percent, which would have been unchanged.
The Australian economy added 2,000 jobs last month, well shy of forecasts for a gain of 21,000 following the loss of 2,500 jobs in May.
The participation rate was 67.1 percent, topping forecasts for 67.0 percent, which would have been unchanged.
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Australia Export Prices Sink 4.5% In Q2
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Australia Retail Sales Rise 1.2% In June
Retail sales in Australia were up a seasonally adjusted 1.2 percent on month in June, the Australian Bureau of Statistics said on Thursday - coming in at A$37.906 billion.
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Australia Building Permits Climb 3.2% On Month In May
The total number of building permits issued in Australia was up a seasonally adjusted 3.2 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at 15,212.
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The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.
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Australia Manufacturing Sector Ebbs In June - S&P Global
The manufacturing sector in Australia continued to expand in June, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 50.6.
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