Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Unemployment rises to six per cent

Australia’s unemployment rate increased to six per cent in June.

Figures released yesterday by the Australian Bureau of Statistics (ABS) found that while the participation rate remained steady at 64.7 per cent, 728,500 Australians are currently out of work.

But rising business confidence is likely to fuel jobs growth over the next 12 months, according to the Michael Page Australia Salary & Employment Forecast.

Advertisement
Advertisement

Based on responses from 2,200 surveyed employers, close to a third expect to increase headcount in the teams during the next 12 months with the majority (59 per cent) hiring professionals at the mid-level.

A healthy hiring market is expected to fuel jobseeker activity; just over a half of employers expect staff turnover in the coming year with the two key reasons being to improve salary (26 per cent) or broaden experience and the opportunity to learn (25 per cent), the report found.

“There are several emerging drivers impacting the professional employment market over the coming year,” Michael Page Australia managing director Simon Meyer said.

“Business confidence is rising and companies are shifting their focus to growth rather than cost control, while the influx of Asian-owned organisations either buying Australian companies or financing new ventures in the domestic market is beginning to create hiring activity at the C-level,” Mr Meyer said.

 

 

Unemployment rises to six per cent
mortgagebusiness

Latest News

A non-major has increased mortgage rates for both new owner-occupier and investor borrowers by up to 25 bps, in a bid to enhance turnaround ...

The NHFIC has launched an online questionnaire to help first home buyers assess their eligibility for the government’s first home loan dep...

The non-major has opened trading for the second round of its capital raising aimed at bolstering its capital position. ...

FROM THE WEB
podcast

Spotlight: Diversifying revenue streams by accessing commercial lending specialists

Do you think the mortgage market will see more consolidation this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.