Jobless rate unexpectedly tumbles

17 September 2020

 

Summary: Employment expands in August; July job gains revised up slightly; employment number rises in contrast to expectations; participation rate ticks up; fewer unemployed, larger available workforce sends jobless rate from 7.5% to 6.8%; Victorian employment, hours worked likely to fall further; part-time, full-time jobs both up; work hours rise less than employment over the month; underemployment rate unchanged; economists divided on outlook.   Australia’s period of falling unemployment came...

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