- Analytics
- Market analysis
- Market Opinions
- 39,100 New Jobs Created in Australia in January
39,100 New Jobs Created in Australia in January
The Australian Bureau of Statistics announced yesterday that in January 39,100 new jobs were created – more than double the number that was expected.
The unemployment rate for January stood at five percent, the lowest percentage in six and a half years. These figures prove that the Australian economy is going from strength to strength.
Even as this is the case, the leading Australian bank Westpac, has set out its monetary policy view, believing that the reserve bank of Australia will lower the benchmark interest rate later this year. This belief is placed on the bank’s statement that the risk in the change of the position of the labour market may be the reason for this decrease.
Economic growth below what was anticipated, together with weak inflation, are singled out as the main reasons for this forecast by Westpac. In reaction to this disclosure, the Australian Dollar ended up losing ground to major world currencies.
The full report can be seen here http://bit.ly/2V7P5oR.
Disclaimer:
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or an investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
