{"id":15624,"date":"2017-07-21T21:47:17","date_gmt":"2017-07-22T01:47:17","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15624"},"modified":"2017-07-21T21:47:17","modified_gmt":"2017-07-22T01:47:17","slug":"australia-job-gains","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/21\/australia-job-gains\/","title":{"rendered":"Australia: Job gains"},"content":{"rendered":"<p>ABS June figures reflect solid gains for the labor market. Justin Smirk at Westpac writes:<\/p>\n<blockquote><p>&#8220;&#8230;.The annual pace of employment growth has lifted from 0.9%yr in February to 2.0%yr in May and it held that pace in June. In the year to Feb there was a 106.9k gain in employment; in the year to June this has lifted to 240.2k. The Australian labour market went through a soft patch in 2016 that was particularly pronounced through August to November when the average gain in employment per month was a paltry 2.2k. We have clearly bounced out of this soft patch and now holding a firmer trend.&#8221;<\/p><\/blockquote>\n<p>My favorite measure, monthly hours worked, jumped (year-on-year) by 3.1%.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Monthly Hours Worked\" alt=\"Monthly Hours Worked\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-07-21-aus-hoursworked.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Infrastructure spending, particularly in NSW and Victoria, is doing its best to offset weakness in other areas.<\/p>\n<p>Wage rate growth remains subdued, indicating little pressure on the RBA to lift rates.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Monthly Hours Worked\" alt=\"Monthly Hours Worked\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-07-07-aus-wagerates.png?w=525&#038;ssl=1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ABS June figures reflect solid gains for the labor market. Justin Smirk at Westpac writes: &#8220;&#8230;.The annual pace of employment growth has lifted from 0.9%yr in February to 2.0%yr in May and it held that pace in June. In the year to Feb there was a 106.9k gain in employment; in the year to June &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/21\/australia-job-gains\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australia: Job gains&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,31,46,13],"tags":[1227,2362,3629],"class_list":["post-15624","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-the-fed-banks-interest-rates","category-deficit-spending-employment","category-inflation-economy","tag-employment","tag-monthly-hours-worked","tag-wage-rates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia: Job gains - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: Job gains - the patient investor\" \/>\n<meta property=\"og:description\" content=\"ABS June figures reflect solid gains for the labor market. Justin Smirk at Westpac writes: &#8220;&#8230;.The annual pace of employment growth has lifted from 0.9%yr in February to 2.0%yr in May and it held that pace in June. In the year to Feb there was a 106.9k gain in employment; in the year to June &hellip; Continue reading &quot;Australia: Job gains&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/21\/australia-job-gains\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-22T01:47:17+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2017\/2017-07-21-aus-hoursworked.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Australia: Job gains\",\"datePublished\":\"2017-07-22T01:47:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/\"},\"wordCount\":148,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2017\\\/2017-07-21-aus-hoursworked.png\",\"keywords\":[\"Employment\",\"Monthly Hours Worked\",\"wage rates\"],\"articleSection\":[\"Australia &amp; NZ\",\"Banks &amp; Interest Rates\",\"Deficit Spending &amp; Employment\",\"Inflation\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/\",\"name\":\"Australia: Job gains - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2017\\\/2017-07-21-aus-hoursworked.png\",\"datePublished\":\"2017-07-22T01:47:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2017\\\/2017-07-21-aus-hoursworked.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2017\\\/2017-07-21-aus-hoursworked.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/07\\\/21\\\/australia-job-gains\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Australia: Job gains\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Monthly hours worked totaled 1,947 million in June. The 0.3% increase over May -- or 3.6% annualized -- is lower than the 4.7% increase over the past 12 months, suggesting that real GDP growth may\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australian Unemployment, June 2023","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-19-aus-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-19-aus-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-19-aus-u3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-19-aus-u3.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":63005,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/11\/04\/rba-trapped-by-rising-unemployment-and-inflation\/","url_meta":{"origin":15624,"position":1},"title":"RBA trapped by rising unemployment and inflation","author":"Colin Twiggs","date":"November 4, 2025","format":false,"excerpt":"Key Points The RBA maintained the cash rate at 3.6%. The strong housing market creates a wealth effect that encourages spending. However, unemployment is rising, and the RBA can't do much because of the upturn in inflation. The RBA held rates steady at 3.6%, citing the recent upturn in inflation.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australia: Job Ads","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-03-aus-jobads.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-03-aus-jobads.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-11-03-aus-jobads.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15454,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/16\/australia-jobs-surge\/","url_meta":{"origin":15624,"position":2},"title":"Australia: Jobs surge","author":"ColinTwiggs","date":"June 16, 2017","format":false,"excerpt":"The May 2017 ABS Labour Force Survey surprised to the upside, with employment increasing by 42,000 over the previous month (full-time jobs even better at +52,100). These are seasonally adjusted figures and the trend estimates are more modest at 25200 jobs. Seasonally adjusted hours worked also jumped, reflecting an annual\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48441,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/15\/australia-can-we-take-unemployment-at-face-value\/","url_meta":{"origin":15624,"position":3},"title":"Australia: Can we take unemployment at face value?","author":"Colin Twiggs","date":"February 15, 2024","format":false,"excerpt":"Unemployment jumped to 4.1% in January 2024, according to the latest ABS Labour Report. But we need to take into account the 1 million post-pandemic surge in immigration before we predict an economic collapse. The trend in employment is still upward although growth has slowed. Total hours worked, however, has\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australia: Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-14-aus-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-14-aus-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-14-aus-u3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-14-aus-u3.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":61673,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/15\/australian-jobs-market-versus-rate-cuts\/","url_meta":{"origin":15624,"position":4},"title":"Australian Jobs versus Rate Cuts","author":"Colin Twiggs","date":"May 15, 2025","format":false,"excerpt":"The RBA is expected to cut interest rates by 50 basis points next week, with a further 25 basis points in June, according to the NAB economics team. CPI declined to a low annual rate of 2.4% in the first quarter, well within the RBA's target range. However, the rate\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australian CPI - Quarterly & Annual","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-15-aus-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-15-aus-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-15-aus-cpi.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":50190,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/03\/21\/asx-200-rallies-as-unemployment-falls\/","url_meta":{"origin":15624,"position":5},"title":"ASX 200 rallies as unemployment falls","author":"Colin Twiggs","date":"March 21, 2024","format":false,"excerpt":"The ASX 200 recovered above 7700 yesterday, the higher Trend Index trough indicating strong buying pressure. Follow-through above 7800 would confirm a fresh advance, with a target of 8000. The unemployment rate dipped to 3.7% in February, although the Trend measure remains steady at 3.8%. Monthly hours worked jumped to\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-20-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-20-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-20-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=15624"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15624\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=15624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=15624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=15624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}