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1.Market Observations, 8.Was Sticky

17 Feb 2017 (TheAge,SMH) – Full-time jobs plunge as unemployment rate ticks down to 5.7percent

(17 February 2017, The Age, p2, Peter Martin)

‘Full-time employment collapsed to its weakest point in 16 months in January after two months of gains were reversed, leaving Australia with 56,100 fewer full-time workers than in January 2015. Total employment climbed just 0.9 per cent over the year to January, well below the Treasury forecast of 1.25 per cent for the year to June. The unemployment rate slipped from 5.8 per cent to 5.7 per cent, helped by 5800 people abandoning the search for work.’

Read more at SMH.com.au

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