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The business week in numbers

AAP logoAAP 18/11/2016 Garry Shilson-Josling, Economist

Well-bid housing auctions, slow wages growth and a steady unemployment rate. Some of the big and small numbers that grabbed attention - or should have - in the business world over the past week..

MONDAY

77.5 pct - The housing auction clearance rate in mainland state capitals rose to an average 77.5 per cent in the week ending Sunday, from 73.6 per cent the previous week, and 62.3 per cent a year earlier, according to market analysts CoreLogic.

TUESDAY

$19.8m - Mesoblast posted a five per cent wider first-quarter loss of $19.8 million, but its shares ended one cent higher on the day, at $1.26. That extended Monday's seven cent gain spurred by positive trial results from one for its drugs to treat acute graft versus host disease in children.

WEDNESDAY

1.9pct - Average wage rates posted their smallest annual rise - just 1.9 per cent - in the 19 years the Australian Bureau of Statistics has been compiling the data. The quarterly rise of 0.4 per cent was also the smallest on record.

THURSDAY

5.6pct - The official jobless rate stayed at a three-year low of 5.6 per cent in October, but employment grew only 102,000 in the past year, compared with 311,000 in the previous 12 months, and the ABS says the trend in employment growth has now flattened out completely.

FRIDAY

$19.5b - The federal government will lend NBN Co $19.5 billion to finish the roll-out of the national broadband network by 2020. The government has already given the company $29.5 billion to fund the project.

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