Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search


Australian unemployment rate rises

Australian unemployment rate rises, economy sheds jobs

Dec. 11 – Australia’s unemployment rate rose as the economy shed jobs, adding to signs that a recession in the world’s biggest nations is starting to undermine the domestic economy.

The jobless rate climbed to 4.4%, the highest in a year, from 4.3%, according to the Australian Bureau of Statistics. The number of people employed fell 15,600. Economists had expected the jobless rate to reach 4.5% and the economy to shed 15,000 jobs.

“There is a sense that weaker jobs growth is inevitable,” economists at Westpac Banking Corp. said in a report.

Rio Tinto Group this week announced it would eliminate 14,000 jobs amid softening global demand for raw materials. China, one of the biggest consumers of Australia’s minerals, yesterday announced that its exports and imports unexpectedly fell last month. Signs of a worsening slump in Europe included dwindling industrial output in Italy and France in October.

Australia’s economy grew just 0.1% last quarter, the most feeble expansion in about eight years.

The number of part-time jobs decreased 24,400 in November and full-time employment gained 8,800 from October, according to the statistics bureau.



© Scoop Media

Top Scoops Headlines


Any Questions: Scoop Launches New Q&A Website

It’s an easy way to find out party positions and allows you to view candidates’ answers side by side. It’s also a way for you to make your voice heard this election, and get the parties talking about the things that are important to you. More>>


Scoop HiveMind Project: Universal Basic Income - Are We Up For It?

This is an opportunity for you as one of the 4 million potential funders and recipients of a Universal Basic Income to collectively consider the issue:
1. Is UBI is a desirable policy for New Zealand; and
2. How should a UBI system work in practice. More>>


Lyndon Hood: National Announces Plan To Hit Youth With Big Mallets

The National party has announced its youth justice policy, which includes a controversial plan for recidivist serious youth offenders to be hit over the head with a comically large rubber mallet. More>>


Lyndon Hood: This ->

It's been brought to my attention that Labour's new campaign slogan is "Let's do this". A collective call to action. A mission. I myself was halfway out of the couch before I realised I wasn't sure what it was I was supposed to do. More>>


Scoop Hivemind Report: What New Zealanders Think About Affordable Housing

Ordinary citizens have had very few venues where they can debate and discuss as to what they believe has led to the crisis in affordable housing and how we might begin to address this. The HiveMind on affordable housing was about redressing the balance. More>>


New Hivemind Exploration: Opening The Election - Freshwater Quality

This is an opportunity for you as one of the 4 million guardians of our common water resources to help us find mutually agreeable solutions to the critical task of collectively managing these resources for health and sustainability. More>>