Australia set for best yearly jobs gain since 2010
Sydney
AUSTRALIA is set for its best year of jobs growth since 2010 as weak wages and improving sentiment encourage businesses to hire, easing pressure on the central bank to add further stimulus to the economy.
Employers added 231,700 jobs in the first 10 months of the year, setting the labour force on track for its biggest annual gain since 2010, government data showed on Thursday. Still, some economists expressed doubts about the accuracy of the October report, and the statistics bureau has in the past acknowledged problems with compiling jobs data.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April