Australia posts upbeat job ads in May

Australia posts upbeat job ads in May

Australia’s job advertisements marked their 12th month of increase in May. The reading stood as the highest since 2008, underscoring strong labor demand that could resist lockdown measures in Victoria and the removal of some government support schemes.

After a 4.9% increase in April, job advertisements advanced a total of 7.9% in May. The figure then came as the strongest since 2008. All in all, the country monitored a 220% increase from a year ago when the country shut most of its activities due to rising coronavirus infections.

The unemployment rate contracted sharper than the 5.5% decline expected by analysts, a complete reversal from a 7.5% jump seen in July 2020. The Reserve Bank of Australia aims to drive its unemployment rate down to 4% or lower in hopes of boosting wage growth and inflation.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?