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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessFrom the ABS: "The larger than usual......>
AUSTRALIA: From the ABS: "The larger than usual number of employed and
unemployed people leaving the labour force resulted in an unprecedented fall in
the participation rate by 2.4ppt to 63.5%. "This means there was a high number
of people without a job who didn't or couldn't actively look for work or weren't
available for work", Mr Jarvis said. When taken together with people leaving the
workforce, around 2.7mn people (about 1 in 5 people employed in March) either
left employment or had their hours reduced between March and April. This was
much greater than in previous years. As a result, the number of underemployed
people also rose sharply (up 603.3K people, to a total of 1.8mn people), and the
underemployment rate rose to a record high 13.7% (up 4.9ppt). The
underutilisation rate, which combines the unemployment and underemployment
rates, also rose to a record high of 19.9%. The falls in employment and hours in
April were consistent with the fall in payroll jobs for employers reporting
through the Single Touch Payroll system published in the recent releases of
Weekly Payroll Jobs and Wages in Australia. That data showed a fall of ~607K
jobs in Single Touch Payroll enabled employers over the same period."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.