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Leadership
Australia grows jobs for second month in a row
12.11.2009
Australia’s resilience to the effects of the global economic downturn has received a further boost today with news of a second monthly rise in the number of jobs created in the country during October.
According to official figures, Australia created 24,500 jobs in October.
The country has now created 60,000 jobs in the past two months, boosting hopes that unemployment has peaked.
Australia became the first country in the OECD area to raise its interest rates in October, and raised its rates for a second month in a row earlier this month.
The move did not come as a surprise as Australia has largely avoided the economic contraction that has affected the global economy over the past year. The country was the only one in the developed world to post economic growth during the first half of 2009.
The Australian economy grew by 0.6pc during the second quarter, and Australia also looks to remain one of the few developed countries that will avoid falling into recession this year.
The accelerated growth in the second quarter of this year is largely down to an aggressive stimulus policy adopted by the Australian Government, which announced measures totalling some AUS $70m during the past year.
Pictured: Australian Prime Minister Kevin Rudd
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Irish Director is Ireland’s leading senior management magazine. Designed for business leaders and decision makers across the island, it covers topics of specific relevance to Ireland’s senior directors.
Owner Manager is the latest title from the BusinessandLeadership.com stable. It focuses specifically on the needs of the business owner, offering both strategic and practical features and information related to running your own business.
Marketing Age is the definitive ‘voice’ of the marketing industry in Ireland. Aimed at decision makers, marketing directors and industry professionals, it deals in-depth with marketing strategy, innovation and the world of new media.
Knowledge Ireland is a ground-breaking bi-monthly magazine from our sister brand siliconrepublic.com, unique in its exploration of strategy and innovation through people and technology.
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