Date GMT+01:00 |
Event | Previous | Forecast | Actual | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr, 18 02:30 |
★★★ |
Unemployment Rate
Unemployment Rate
The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks. Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems. |
3.7% | 3.9% | - | ||||||||||||||
Apr, 18 02:30 |
★★★ |
Employment Change
Employment Change
Tracks the number of the employed in Australia . The figure appears in the monthly Labour Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases. The headline figure is the annualized percentage change in employed workers. |
116.5K | 7.2K | - | ||||||||||||||
Apr, 18 02:30 |
★★ |
Part Time Employment Change
Part Time Employment Change
Modern award usually defines a part-time employee as an employee who is engaged to work less than an average of 38 ordinary hours per week and whose hours of work are reasonably predictable, with a guaranteed minimum number of hours of work. Work is usually performed on regular days of the week. A part-time employee will usually be entitled to the same employment conditions as a full-time employee, but on a pro rata basis compared to the full-time hours (usually 38 per week) prescribed under the applicable industrial instrument. |
78.2K; 38.3K | - | - | ||||||||||||||
Apr, 18 02:30 |
★ |
Participation Rate
Participation Rate
A measure of the active portion of an economy's labor force. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases. |
66.7% | - | - | ||||||||||||||
Apr, 18 02:30 |
★ |
NAB Business Confidence
NAB Business Confidence
A survey of the current state of the business sector in Australia . Based on a survey of hundreds of small and large sized companies, the National Australia Bank delivers monthly comprehensive quarterly reports. This comprehensive survey primarily provides insight into the state of the Australian economy and puts forth leading indicators that signal its future direction. Thus the survey's findings, if unexpected, have the power to move markets directly. The National Australia Bank releases both a monthly and quarterly report. The quarterly report is more comprehensive, surveying around 1000 small to large non-farm firms. The quarterly report provides greater detail on the data as well as a short to mid-term outlook of Australia . Because of seasonal volatility and government protections the survey only excludes the farm sector. |
-6 | - | - |