Australia Q2 employment fall may now be 15% vs earlier 20% estimate
[SYDNEY] Australian employment in the June quarter may have fallen by only 15 per cent from a year earlier, less than a previous 20 per cent estimate, as there are signs of job increases in the industries most affected by the novel coronavirus, the central bank chief said on Thursday.
Reserve Bank of Australia (RBA) Governor Philip Lowe reiterated that the economic outlook was still incredibly uncertain.
Mr Lowe was speaking before a parliamentary committee which is looking at the Australian government's response to the coronavirus pandemic.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China central bank says treasury bond trading will be two-way
US wholesale inventories drop by unrevised 0.4% in March
China, Serbia chart ‘shared future’ as Xi Jinping visits Europe
World extends run of heat records for 11th straight month
SpaceX’s unit Starlink secures Indonesia operating permit
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says