Category: AU
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Steady Employment Growth, Slight Increase in Underemployment: March 2023 Labor Market Update
Key Statistics Summary (March 2023): Unemployment rate remained unchanged at 3.5% in trend terms. Participation rate increased to 66.8% in trend terms. Employment increased by 31,700 people (0.2%) to 13,883,100 people in trend terms. Employment to population ratio remained unchanged at 64.4% in trend terms. Underemployment rate increased to 6.1% in trend terms. Monthly hours…
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Australia’s Balance of Trade Surplus Increases in February 2023 Despite Fluctuations in Imports and Exports; ABS Warns of Uncertainty in Travel Service Debit Estimates.
Australia’s seasonally adjusted balance on goods and services increased by $2,604m in February 2023, with a surplus of $13,870m. Goods and services debits (imports) decreased by $4,304m (9.1%), driven by Non-industrial transport equipment, while goods and services credits (exports) fell $1,700m (2.9%) driven by Metal ores and minerals. However, the Australian Bureau of Statistics (ABS)…