Australia's Job Boom Continues - Is the U.S. Next?

Filed under: Forecasts, Employees, Commodities

Australia's economy added 54,600 jobs in October. What, you ask, does that have to do with U.S. investing?



Well, adjusting for Australia's population, November's job growth down under is the equivalent of a 728,000 monthly job gain in the United States -- in other words, a Roaring 90s-level monthly job growth performance.



Australia's economy is booming as energy and resources companies increase both investment and hiring in the nation to meet rising emerging market demand, particularly from China. Australia's labor markets are tight and getting tighter: the unemployment rate fell to 5.2% in November from 5.4% in October.

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Australia's Job Boom Continues - Is the U.S. Next? originally appeared on BloggingStocks on Thu, 09 Dec 2010 17:30:00 EST. Please see our terms for use of feeds.

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