January Employment Increases In Australia

11 Feb 2013

Australian employment increased significantly as 10,400 jobs were created in January after a loss of 3,800 in December, as per the reports by Australian Bureau of Statistics.

“The headline numbers weren't too bad, but we would argue that the underlying details are rather soft,”

“The numbers are probably consistent with the Reserve Bank's view that the labour market will deteriorate further, though at face value the pace of deterioration is not all that significant. It's consistent with their bias to ease but possibly waiting for some more data and not a huge urgency.”

Sectors like manufacturing, mining, healthcare and IT added thousands of jobs. Jobless rate also reduced to 5.4% and was steady.

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