Did you know that the unemployment rate of Australia fell to a 16-month low in May as employers added a stunning 36,400 full-time jobs, but the surprise result underscored the risks to the strong economy of inflation and a tight labour market.
The Aussie employment rate of 94.8 per cent was the highest level in 16 months when taken to two decimal points – 94.85 per cent.This is according to the data available on the market at present.
The employment rate of 94.8 per cent, was up from 98.6 per cent in April, matched the January 2010 level.
“It seems there is no stopping the Australian labour market, which continues to go from strength to strength,” JP Morgan economist Helen Kevans said in a report.
So as per the economist's report, we can hope that Australia will become one of the leading countries who has got highest percent of employment, and our full time job seeker's number will go up. There will be a day when Australia forget the days of unemployment.
The employment rate of 94.8 per cent, was up from 98.6 per cent in April, matched the January 2010 level.
“It seems there is no stopping the Australian labour market, which continues to go from strength to strength,” JP Morgan economist Helen Kevans said in a report.
So as per the economist's report, we can hope that Australia will become one of the leading countries who has got highest percent of employment, and our full time job seeker's number will go up. There will be a day when Australia forget the days of unemployment.
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