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Jobs rate holds up as employers cut hours

Jun 11, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- By Jacob Saulwick and Phillip Coorey

Company: Bank of Scotland (BSLDF)

Australia's unemployment rate rose from 5.4 per cent to 5.7 per cent in May 2009, although the jobs data highlight the growing trend toward part-time work. Some 26,200 full-time jobs were shed during the month, while 24,500 part-time jobs were created. Felicity Emmett of the Royal Bank of Scotland says more businesses appear to be reducing employees' working hours rather than shedding staff.

Publication Date: 12 June 2009 

ROYAL BANK OF SCOTLAND GROUP PLC
AUSTRALIAN BUREAU OF STATISTICS
AUSTRALIA.  DEPT OF THE PRIME MINISTER AND CABINET
THE AUSTRALIAN INDUSTRY GROUP
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY
MACQUARIE GROUP LIMITED - ASX MQG
LIBERAL PARTY OF AUSTRALIA

Copyright (C) 2009 ABIX. All rights reserved

News Provided by COMTEX

Company: Bank of Scotland (BSLDF)


Related terms: australia, bank, cabinet, commerce, scotland, statistics, unemployment

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