Australian unemployment steady at 5.8 pctAustralia's unemployment rate held steady at 5.8 percent in August, beating forecasts and demonstrating the economy's resilience resilience (r  ·zilˑ·yens),n in the global financial crisis, analysts said Thursday. Official data showed the loss of 21,100 jobs over the month was offset by a fall in the number of people actively looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. work. Analysts had tipped a 5.9 percent jobless job·less adj. 1. Having no job. 2. Of or relating to those who have no jobs. n. (used with a pl. verb) Unemployed people considered as a group. Used with the. rate. The number of full-time positions fell by 30,800, while part-time jobs rose 3,800, the Australian Bureau of Statistics The Australian Bureau of Statistics (ABS) is the Australian government agency that collects and publishes statistical information about Australia and its people. Population and Housing The agency undertakes the Australian Census of Population and Housing. said. "That is a very, very good response (by the jobs market)," Craig James Craig James may refer to:
"Over the last five or six months, unemployment has only edged up from 5.7 to 5.8 percent. Full employment in the Australian economy is about 5.0 percent, so it just shows how well we've survived through this crisis." James said it appeared the unemployment rate would peak at about 6.0 percent as the country emerges from the global downturn, significantly better than government predictions of 8.5 percent made in the budget in May. UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System economist Scott Haslem predicted unemployment would reach a high of 6.7 percent in the second quarter of 2010, noting that employers were reducing workers' hours during tough times, rather than laying them off. Prime Minister Julia Gillard Julia Eileen Gillard (born 29 September 1961) is the current deputy leader of the federal Australian Labor Party (ALP), and Deputy Leader of the Opposition in the Australian Parliament. said that while Australia's jobless rate was well below other advanced economies, the data contained "troubling aspects." Gillard said the loss in full-time jobs was almost double the 15,000 expected by the market and pointed out that the falling participation rate meant some discouraged job-seekers had quit looking for work. She also said part-time jobs were becoming more prevalent in the economy as full-time positions fell. "This means that there are Australians who are suffering the effects of the global recession as it hits our economy," she said. Gillard said the figures demonstrated the need for the government to continue with multi-billion dollar stimulus spending to support the economy, despite opposition calls to wind back the program. "(We) need to continue economic stimulus to support jobs during these difficult times," she said, adding the full impact of the global economic downturn on employment would take some time to show. "We do anticipate that unemployment will continue to rise." 
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