Tag: ABS

Consumer Confidence Rises After Hitting A 15 Month Low

Consumer confidence across Australia increase by 2.2 percent after previously dropping to its lowest level since October 2020. While respondents’ confidence in ‘current financial conditions’ jumped by 6.3 percent. According to a recently published survey undertaken by ANZ and Roy Morgan, this uptick pushed consumer confidence slightly above neutral at 100.1 for the week of […]

South Australia Unemployment Rate Drops to Its Lowest Level Since 1978

The unemployment rate in South Australia has dropped to an unprecedented record low of 3.9 percent for the month of December 2021. These figures provided by the Australian Bureau of Statistics (ABS) demonstrate that the current jobless rate in South Australia is the lowest it has ever been since monthly records commenced in 1978. “South […]

Job Vacancies Across Australia Reach a Record High

Data collected in the weeks leading up to the current outbreak of the Omicron variant has highlighted that job vacancies in Australia are at a level that’s higher than ever before. The recently published figures complied by the Australian Bureau of Statistics (ABS), illustrate that the number of vacancies reached fresh highs in November 2021. […]

Recent Lockdowns Resulted in The Loss of 378,000 Jobs

According to recently published figures compiled by The Australian Bureau of Statistics (ABS) the data shows that 378,000 positions of employment were lost during the September 2021 quarter at the height of the lockdowns that were implemented in NSW, ACT and Victoria. Out of all the jobs that were lost 308,000 were considered to be […]

Australia’s Unemployment Rate Continues to Rise

According to the Australian Bureau of Statistics (ABS) an extra 138,000 jobs were lost during the month of September 2021. This means that Australia’s unemployment rate increased up to 4.6 percent, from 4.5 percent, with another dramatic deterioration in the participation rate the main reason why the unemployment rate did not jump further.  Australia’s participation rate hit a […]

Greater Sydney Lockdown Set To Result 300,000 Job Losses

The significant amount of economic damaged caused by the covid-19 outbreak in Sydney is starting to show up in the national employment data, and is unfortunately beginning to spill over into over states. Figures published by the Australian Bureau of Statistics (ABS) illustrate that across Australia, women are losing jobs at a faster rate than […]

Australian Consumers Lose Confidence As Retail Sales Drop During Recent Lockdowns

Many Australian businesses are afraid that new lockdowns will give them no choice but to close their doors permanently as online shopping remains the only way they retail stores can continue to generate revenue during the new lockdowns in Sydney and Melbourne.    With over half the Australian population in lockdown to prevent the spread of […]

Australia’s Unemployment Rate Drops Under 5 Percent For The First Time In A Decade

According to new figures from the Australian Bureau of Statistics (ABS), Australia’s unemployment rate has dropped to 4.8 percent, with just under 30,000 jobs being created in the month of June 2021. These figures indicate that the nation’s unemployment rate has now declined for eight consecutive months, taking the unemployment rate to its lowest level in […]