Jobless rate rises despite gains

16 July 2020

 

Summary: Unemployment rate continues rise; May job losses revised up; employment number rises more than expected; participation rate rebounds as former workers begin search; work hours rise more than employment over month; underemployment rate eases for second consecutive month; unemployment expected to rise even without re-introduction of Melbourne restrictions.   Australia’s period of falling unemployment came to an end in early 2019 when the jobless rate hit a low of...

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