19 Jul 2018 | Archive
The Australian Chamber of Commerce and Industry has welcomed Australia’s strongest jobs growth in seven months, with 51,000 jobs created in June, according to the Australian Bureau of Statistics.
“This is a good strong result, especially as most of the lift in employment was in full-time jobs,” Australian Chamber Chief Economist, Adam Carr, said.
“Over the last year, we’ve seen an increase in total jobs of around 340,000. That’s something to celebrate.”
“It’s also a big positive that the unemployment rate remained low at 5.4% in a month where the number of people entering the jobs market rose strongly.”
According to the ABS, the participation rate rose to 65.7% from 65.5% as more people entered the jobs market.
“Overall it is a very positive outcome but it is somewhat tempered by a modest lift in the underemployment rate. Underemployment remains very high historically, albeit off the peaks seen last year,” Mr Carr said.
“To some extent, higher underemployment is a symptom of a more flexible labour market.
“Greater labour market flexibility is allowing workers to juggle employment and family life – and so clearly it’s an overwhelmingly positive force.
“That said, it does indicate there is some excess capacity in the labour market and this will continue to weigh on wage growth in the near term.
“Wage growth will likely pick-up further as the jobs market improves.”
13/09/2019
The Australian Chamber is delighted to announce Bryan Clark, Director of ACCI Trade & International Affairs, has been appointed to the Government’s Deregulation Taskforce, announced...
8/08/2019
The Australian Chamber is calling on the country's political leaders to agree to reform our vital Vocation Education and Training (VET) system, to deliver the skills...
6/08/2019
The Australian Chamber backs the latest call for greater balance in the unfair dismissal system to better support small business owners trying to do the right...
5/08/2019
The Australian Chamber of Commerce and Industry welcomes today’s announcement that the Productivity Commission will focus on streamlining regulation in the resources sector. "The joint announcement...
30/07/2019
By James Pearson, Chief Executive Officer In August 1985 Bob Hawke proclaimed that the Australian government had had enough of “the Building Labourers Federation’s complete...
23/07/2019
The Government has called time on union officials with deep pockets, arrogant attitudes, and combative lawyers thumbing their nose at our laws, our courts and...
22/07/2019
By James Pearson It's the year 2030. China has overtaken the US as the world's largest economy. The fastest growing cities are located in...
18/07/2019
The Australian Chamber of Commerce and Industry (ACCI), Australia’s employer representative to the United Nations’ International Labour Organisation (ILO), says union opposition to proposed legislation...
18/07/2019
Today’s release of a report on Government-funded vocational training by the National Centre for Vocational Education Research (NCVER) showing a further decline in investment, reinforces the...
4/07/2019
The Australian Chamber of Commerce and Industry, Australia’s largest and most representative business network, warmly welcomes the passage of the personal income tax package through the Senate. “The...
4/07/2019
Australia's largest and most representative business network, the Australian Chamber of Commerce and Industry welcomes the Federal Government's reintroduction of the Fair Work (Registered Organisations)...
1/07/2019
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry calls on the Parliament to pass the Government’s personal income tax...
1/07/2019
Australian Chamber – Tourism, the peak body of Australia’s tourism organisations welcomes the expansion of the Working Holiday Maker visa program. “The Australian Chamber-Tourism has...
24/06/2019
Australia’s largest and most representative business network, the Australian Chamber of Commerce and Industry, welcomes the Prime Minister’s commitment to review Australia’s Industrial Relations system...
19/06/2019
Australian Chamber – Tourism, the peak body of Australia’s tourism organisations, acknowledges the release of the International Visitors Survey today. The survey shows strong performance for...
18/06/2019
The Australian Chamber of Commerce and Industry – Westpac Survey of Industrial Trends for the June quarter 2019 released today, shows a slowing in manufacturing business...
11/06/2019
By James Pearson With the final seats being declared in the federal election, the government and opposition frontbench teams in place and parliament set to...
5/06/2019
The Australian Chamber of Commerce and Industry, Australia’s largest and most representative business network, today expressed disappointment at the latest National Accounts figures showing lower...
4/06/2019
The Reserve Bank Board’s decision to lower the cash rate to 1.25% today has been welcomed by Australia’s largest business network, the Australian Chamber of...
3/06/2019
Australia’s largest business network, the Australian Chamber of Commerce and Industry, congratulates the new Labor Shadow Ministry on their appointments and welcomes Federal Opposition Leader Anthony...