Job surge shows strength but Australia’s unemployment rate is climbing

Job surge shows strength but Australia’s unemployment rate is climbing

AUSTRALIA’S unemployment rate rose to 5.5 per cent in December, up from 5.4 per cent in November, with an extra 20,000 people finding themselves jobless, according to new data. Despite the shocking statistic, which was predicted to remain steady, experts say there were promising figures in the data, which is released in seasonally adjusted terms by the Australian Bureau of Statistics. It showed 2017 was the first full year in which employment rose every month since the bureau began releasing monthly data in 1978. The total number of people with…

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Bitcoin 'bubble' dwarfs dotcom boom, prices 'have a lot further to fall'

Bitcoin 'bubble' dwarfs dotcom boom, prices 'have a lot further to fall'

Updated January 18, 2018 12:06:13 Bitcoin will not replace national currencies and cryptocurrency prices are in one of the biggest bubbles in history, which is set to burst, warn analysts from Capital Economics. In a 13-page research note, London-based economists Vicky Redwood and Kerrie Walsh outline in detail their reasons for believing that bitcoin does not have a bright long-term future, even if the blockchain technology behind it does. Ms Redwood, in particular, should know a thing or two about currencies, having worked at the Bank of England after studying…

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Helicopter crashes after taking off for sunset tour of Uluru

Helicopter crashes after taking off for sunset tour of Uluru

Updated January 18, 2018 00:20:54 Four people have been injured when a tourist helicopter crashed near Yulara, close to Uluru. The NT Health Department said the pilot and three passengers on board when the chopper went down at 6:30pm, about 1.5 kilometres west of the tourist hub, are all in a stable condition. The Royal Flying Doctor Service said the pilot and one passenger had suspected spinal injuries. Another passenger sustained multiple fractures and chest injuries and the fourth was treated for minor injuries. NT Police said the helicopter came…

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Consumer confidence jump unlikely to spark spending spree

Consumer confidence jump unlikely to spark spending spree

Updated January 17, 2018 18:02:47 Photo: Consumers are more confident, but Westpac believes they are unlikely to spend big this year. (ABC South East: Kate Hill) Consumers are feeling more confident this January, but it is not expected to translate into a spending spree. The Westpac-Melbourne Institute consumer sentiment index rose 1.8 per cent to a four-year high of 105.1 in January. A reading above 100 indicates optimists outnumber pessimists. People are less worried about the prospect of rising interest rates and are feeling more positive about the outlook for…

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White House doctor has ‘no concerns’ over President Trump’s mental health

White House doctor has ‘no concerns’ over President Trump’s mental health

WHITE House doctor Ronny Jackson said President Donald Trump is in general good health and that he has “no concerns” about his mental health. In a White House press briefing, Dr Jackson said he had conducted cognitive tests on Mr Trump on January 12 at the request of the president. “I have no concerns about his cognitive ability and his neurological functions,” he said after repeated questions from reporters about Mr Trump’s mental state. “The reason that we did the cognitive assessment is that plain and simple, the president asked…

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