Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Unemployment rate holds firm

06 August 2009 Reporter

The unemployment rate held steady over July, indicating that Australian businesses are riding out the economic downturn without having to resort to heavy job cuts.

According to figures released by the Australian Bureau of Statistics (ABS) today the unemployment rate did not change from June’s 5.8 per cent, seasonally adjusted – news that may further reinforce that our economy could be stronger than originally anticipated.

Only 16,000 full time jobs were lost in July, with 10,793,600 now in the workforce. However part time employment increased by 48,200 to 3,203,200, the ABS said.

 

Unemployment rate holds firm
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Where is the biggest threat to agents in 2019?

3rd party lead generation companies
DIY models discounting sales commission
Prop-tech firms cutting out the agent value proposition
A yet unidentified proper disruptor – like Uber or Airbnb
None of the above. There is no threat.
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.