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A variety of pegs to sterling applied until December 1931, when the government set a rate of £1 Australian = 16 shillings sterling (£1·5s Australian = £1 sterling; A£1.25 = £1 sterling). While wool-growing remained at the centre of economic activity, a variety of new goods, such as wheat, dairy and other agriculturally-based produce ...
The participation rate for 15- to 24-year-olds increased by 0.7 points to 71.1% while the unemployment rate for this group decreased by 0.2 points to 9.3%. [104] According to the ABS, in October 2024, the underemployment rate decreased by 0.1 points to 6.2%, while the underutilisation rate (the unemployed plus the under-employed) [ 105 ...
The COVID-19 pandemic in Australia was a part of the worldwide pandemic of the coronavirus disease 2019 caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first confirmed case in Australia was identified on 25 January 2020, in Victoria , when a man who had returned from Wuhan , Hubei Province, China , tested positive ...
In April 2010, the US unemployment rate was 9.9%, but the government's broader U-6 unemployment rate was 17.1%. [175] In April 2012, the unemployment rate was 4.6% in Japan. [176] In a 2012 story, the Financial Post reported, "Nearly 75 million youth are unemployed around the world, an increase of more than 4 million since 2007. In the European ...
The unemployment rate remained relatively stable through early 2020, but by the end of the year, it increased from 4.4% in February 2020 to 5.1% in December 2020, reflecting the economic challenges posed by the crisis. [373] The unemployment rate remained around 5% throughout much of 2021 before gradually decreasing to 4.4% by the end of 2021.
A weekly update on the impact of the COVID-19 pandemic on the world economy, and on major individual economies such as the US, China, Japan, other Asian economies, Europe, Australia and New Zealand has been produced by Saul Eslake, one of Australia's best-known economists, since late April 2020.
Nationally, unemployment has slowly fallen since its initial record spike in April as a result of the COVID-19 pandemic. The Bureau of Labor Statistics (BLS) reported last month that the national ...
Australia has a labour force of some 13.5 million, with an unemployment rate of 3.5% as of June 2022. [319] According to the Australian Council of Social Service, the poverty rate of Australia exceeds 13.6% of the population, encompassing 3.2 million. It also estimated that there were 774,000 (17.7%) children under the age of 15 living in ...