Employment And Hours Worked In October Increase In Australia: ABS

  • November 19, 2020 03:51 PM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
    16971 Posts

    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

The Australian Bureau of Statistics, on 19 November 2020, released a data according to which employment increased by 178,800 people (1.4%) between September and October. Also, the number of hours worked raised by 1.2%.

The restrictions are beginning to ease up in various parts of Australia specially in Victoria where employment witnessed a rise by 2.5%.

Also, seasonally adjusted unemployment increased in October by 25,500 people.

The underemployment rate, according to the report, decreased 1% to 10.4%. The underutilisation rate, which combines the unemployment and underemployment rates, fell 0.9 percentage points to 17.4%.

The head of Labour Statistics at the ABS Bjorn Jarvis shared that the significant rise means that employment in October was just 1.7% below March and suggests that a large number of people from outside the labour force are back to their work.

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK