Business

14,600 jobs shed in June: ABS

NEW South Wales and Queensland suffered the greatest job losses in June as the employment market weakened, according to a Westpac economics update.

Some 14,600 jobs in NSW and 10,400 jobs in Queensland were lost in the June, data released by the Australian Bureau of Statistics revealed on Thursday.

And unemployment will continue to rise, in reaction to the global uncertainty finally taking hold.

The news came as retail giant Myer looked to shed more than 100 jobs around the country, primarily in capital cities, and 700 jobs were at risk in Darrell Lea's regional stores.

National employment fell by 27,000 jobs in June, pushing the unemployment rate up 0.1% to 5.2%, while the more clear economic indicator - the workforce participation rate - fell to 65.2%.

"Overall, the June labour force survey is consistent with our long-held expectation that the labour market will soften through 2012," Westpac's economic update said on Thursday.

The update also revealed the labour market was likely to keep weakening, with unemployment expected to rise to about 5.7% by the end of the year.

Topics:  australian bureau of statistics jobs



Creating space for Tweed artists

BONUS: Artists can learn more about funding at the Tweed Regional Gallery.

Register for the ideas clinic.

Grand historic farming estate in Mullumbimby

37 Myocum Rd, Mullumbimby

Check out this week's feature property.

Calls for dash cam footage following violent home invasion

Police call for assistance.

Detectives call for dash cam footage following violent home invasion

Local Partners

Silence of the Lambs director Jonathan Demme dies

TRIBUTES have poured in for Jonathan Demme, the Oscar-winning director of Silence of the Lambs and Philadelphia, who has died aged 73.

Creating space for Tweed artists

BONUS: Artists can learn more about funding at the Tweed Regional Gallery.

Register for the ideas clinic.

Sophie Monk casting a wide net as Bachelorette

Sophie Monk is Australia's new Bachelorette.

Producers ‘inundated’ with calls as they widen age range of suitors.

Viewers officially bored of Aussie biopics

House of Bond’s Ben Mingay as Alan Bond with Rachael Taylor as Diana Bliss.

Latest biopic House of Bond a ‘flop’ as reality TV dominates screens

Bill Cosby: Embattled comic breaks silence on future

Cosby said he wanted to get back on stage doing comedy.

Shania Twain to drop first album in 15 years

Shania Twain

Shania Twain is about to drop her first album since 2002.

What's on the big screen this week

Dave Bautista and Pom Klementieff in a scene from Guardians Of The Galaxy Vol 2.

GUARDIANS of the Galaxy is back with even more laughs.

Falling rents could spell doom for housing prices

What if I told you housing in Australia was getting cheaper?

Grand historic farming estate in Mullumbimby

37 Myocum Rd, Mullumbimby

Check out this week's feature property.

Couple gets rich renovating run-down city homes

RENO RADICALS: Baden and Nelson Marino-Hall have turned three Toowoomba homes around for profit, saying the Garden City was a haven for renovators like themselves.

The couple has already turned around three homes

Townhouse pitch raises questions over 'high density'

BIG PLANS: Residents have a chance to offer their opinion on plans to build 42 townhouses at Raceview.

Developer plans 42 townhouses for Ipswich suburb

7 million dollar city homes for sale right now

3 Keira Court, Blue Mountain Heights.

Here are seven of Toowoomba's best, and most expensive, houses

Ready to SELL your property?

Post Your Ad Here!