Australian Hiring Persists Through Omicron, Signaling Resilience

Bloomberg2022-02-17

Australia’s economy unexpectedly added jobs last month while unemployment held up, underscoring the resilience of the labor market in the face of a renewed coronavirus outbreak.Employment increased by...

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Comments

Liujia2
2022-02-17
Liujia2
Great!
lawgbk
2022-02-17
lawgbk
Like
LISEE
2022-02-17
LISEE
Ok
njkk
2022-02-17
njkk
Pls like
Wlonggy
2022-02-17
Wlonggy
Ok

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Futures traders trimmed bets that the Reserve Bank will hike interest rates in May to about 60%, from 80% odds seen on Tuesday.“Nationally, and in New South Wales and Victoria, the number of people who worked reduced hours because they were sick was around three times the pre-pandemic average for January,” said Bjorn Jarvis, head of labor statistics at the ABS. “In other states and territories, it was twice as many people.”The survey was conducted in the first two weeks of January, at the peak of the omicron wave when Australia had about 800,000 active Covid-19 cases.The strength of Australia’s labor market is a key reason why economists and financial markets expect the RBA will begin raising rates in coming months. 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Lowe wants faster wages growth in order to sustainably return inflation to its 2-3% target before he begins raising rates after a prolonged period of weak consumer-price growth.Other Details:Full-time roles decreased by 17,000 while part-time positions rose by 30,000The underemployment rate rose 0.1 percentage point to 6.7%Underutilization increased 0.1 percentage point to 10.9%The participation rate rose to 66.2% from 66.1% a month earlier","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9094323116,"gmtCreate":1645063486830,"gmtModify":1676533993327,"author":{"id":"3586826549848021","authorId":"3586826549848021","name":"Liujia2","avatar":"https://static.tigerbbs.com/42101c6369cc6f52c0e3228c6bdfc02d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586826549848021","authorIdStr":"3586826549848021"},"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094323116","repostId":1191171027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094366673,"gmtCreate":1645062604023,"gmtModify":1676533993085,"author":{"id":"3569580504698649","authorId":"3569580504698649","name":"lawgbk","avatar":"https://static.tigerbbs.com/aed8dcf3ce6c592dffc1e60aa40d85bc","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3569580504698649","authorIdStr":"3569580504698649"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094366673","repostId":1191171027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094363505,"gmtCreate":1645062180895,"gmtModify":1676533993023,"author":{"id":"3583882434595540","authorId":"3583882434595540","name":"LISEE","avatar":"https://static.itradeup.com/news/04e6b0d792206cfd74830f2552f37288","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583882434595540","authorIdStr":"3583882434595540"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094363505","repostId":1191171027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094363313,"gmtCreate":1645062135469,"gmtModify":1676533993015,"author":{"id":"3575950181915531","authorId":"3575950181915531","name":"njkk","avatar":"https://static.tigerbbs.com/6382201e8e84ccd3f8e89b9a28e74607","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575950181915531","authorIdStr":"3575950181915531"},"htmlText":"Pls like&nbsp;","listText":"Pls like&nbsp;","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094363313","repostId":1191171027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094360447,"gmtCreate":1645061986512,"gmtModify":1676533992991,"author":{"id":"3570795646512728","authorId":"3570795646512728","name":"Wlonggy","avatar":"https://static.tigerbbs.com/e13852042b178595067783df9fc42cc1","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":0,"idStr":"3570795646512728","authorIdStr":"3570795646512728"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094360447","repostId":1191171027,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":56,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1191171027"}