Reported about 13 hours ago
In December, Australia's employment figures exceeded forecasts with a net gain of 56,300 jobs, largely driven by an increase in part-time positions. However, the unemployment rate rose slightly to 4.0% as more individuals entered the workforce in search of work. The data reflects a strong labor market, with the participation rate reaching a record high of 67.1%. Despite promising employment growth, wage increases remain modest, indicating a balanced job market without causing inflationary pressures.
Source: YAHOO