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Australia's world-beating labour market is one of the main obstacles stopping the country's central bank from joining global peers in reversing the most aggressive policy tightening cycle in decades.
The Household, Income and Labour Dynamics in Australia Survey (HILDA) is an Australian household-based longitudinal study which began in 2001. [1] It has been used for examining a wide variety of economic, social, health and other issues, examples of which include: the incidence of persistent poverty; assets and income in the transition to retirement; the correlates and impact of changes in ...
As of June 2021, the country's GDP was estimated at $1.98 trillion. [36] The Australian economy is dominated by its service sector, which in 2017 comprised 62.7% of the GDP and employed 78.8% of the labour force. [6] At the height of the mining boom in 2009–10, the total value-added of the mining industry was 8.4% of GDP. [37]
In February 2022, Australian treasurer Josh Frydenberg reported that the labor market had been experiencing a "Great Reshuffle" rather than a "Great Resignation". [19] He also reported that over one million workers started new jobs in the three months prior to November 2021, an increase of almost 10% prior to the pre-pandemic average.
Labour market shortages will be a major theme "for years to come", the chief executive of global staffing group Randstad said on Thursday, as he announced he was stepping step down in March after ...
Victoria also exports live sheep to the Middle East for meat and to the rest of the world for breeding. [27] More than 108,000 metric tons (119,000 short tons) of wool clip was also produced—one-fifth of the Australian total.121,200 metric tons (133,600 short tons) of pears and 270,000 metric tons (300,000 short tons) of tomatoes were produced.
Watch live as Keir Starmer faces Kemi Badenoch in the final PMQs of 2024 as Labour defends its controversial Waspi compensation refusal. Chancellor Rachel Reeves defended the decision to refuse ...
Labour Force Surveys are statistical surveys conducted in a number of countries designed to capture data about the labour market. All European Union member states are required to conduct a Labour Force Survey annually. [1] Labour Force Surveys are also carried out in some non-EU countries. [2]