Australia’s unemployment rate fell slightly to 6.8 percent in August, spurring hopes that the worst of a coronavirus-fuelled recession may have passed.
Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression.
Around a million people have lost their jobs and many more have been forced to take pay cuts or seen hours slashed.
Thursday’s figures smashed economists’ forecasts of a rise in the unemployment rate to around 8 percent.
But beyond the headline figure — which is seasonally adjusted — there was some cause for concern.
The number of people present in the job market, hours worked and underemployment remained largely unchanged — pointing to an economy still in serious pain.
[give_form id=”141460″ show_title=”false” show_goal=”false” show_content=”above” display_style=”reveal”]
Australia’s unemployment rate fell slightly to 6.8 percent in August, spurring hopes that the worst of a coronavirus-fuelled recession may have passed.
Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression.
Around a million people have lost their jobs and many more have been forced to take pay cuts or seen hours slashed.
Thursday’s figures smashed economists’ forecasts of a rise in the unemployment rate to around 8 percent.
But beyond the headline figure — which is seasonally adjusted — there was some cause for concern.
The number of people present in the job market, hours worked and underemployment remained largely unchanged — pointing to an economy still in serious pain.
[give_form id=”141460″ show_title=”false” show_goal=”false” show_content=”above” display_style=”reveal”]
Australia’s unemployment rate fell slightly to 6.8 percent in August, spurring hopes that the worst of a coronavirus-fuelled recession may have passed.
Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression.
Around a million people have lost their jobs and many more have been forced to take pay cuts or seen hours slashed.
Thursday’s figures smashed economists’ forecasts of a rise in the unemployment rate to around 8 percent.
But beyond the headline figure — which is seasonally adjusted — there was some cause for concern.
The number of people present in the job market, hours worked and underemployment remained largely unchanged — pointing to an economy still in serious pain.
[give_form id=”141460″ show_title=”false” show_goal=”false” show_content=”above” display_style=”reveal”]
Australia’s unemployment rate fell slightly to 6.8 percent in August, spurring hopes that the worst of a coronavirus-fuelled recession may have passed.
Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression.
Around a million people have lost their jobs and many more have been forced to take pay cuts or seen hours slashed.
Thursday’s figures smashed economists’ forecasts of a rise in the unemployment rate to around 8 percent.
But beyond the headline figure — which is seasonally adjusted — there was some cause for concern.
The number of people present in the job market, hours worked and underemployment remained largely unchanged — pointing to an economy still in serious pain.
[give_form id=”141460″ show_title=”false” show_goal=”false” show_content=”above” display_style=”reveal”]
Australia’s unemployment rate fell slightly to 6.8 percent in August, spurring hopes that the worst of a coronavirus-fuelled recession may have passed.
Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression.
Around a million people have lost their jobs and many more have been forced to take pay cuts or seen hours slashed.
Thursday’s figures smashed economists’ forecasts of a rise in the unemployment rate to around 8 percent.
But beyond the headline figure — which is seasonally adjusted — there was some cause for concern.
The number of people present in the job market, hours worked and underemployment remained largely unchanged — pointing to an economy still in serious pain.
[give_form id=”141460″ show_title=”false” show_goal=”false” show_content=”above” display_style=”reveal”]
Australia’s unemployment rate fell slightly to 6.8 percent in August, spurring hopes that the worst of a coronavirus-fuelled recession may have passed.
Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression.
Around a million people have lost their jobs and many more have been forced to take pay cuts or seen hours slashed.
Thursday’s figures smashed economists’ forecasts of a rise in the unemployment rate to around 8 percent.
But beyond the headline figure — which is seasonally adjusted — there was some cause for concern.
The number of people present in the job market, hours worked and underemployment remained largely unchanged — pointing to an economy still in serious pain.
[give_form id=”141460″ show_title=”false” show_goal=”false” show_content=”above” display_style=”reveal”]
Australia’s unemployment rate fell slightly to 6.8 percent in August, spurring hopes that the worst of a coronavirus-fuelled recession may have passed.
Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression.
Around a million people have lost their jobs and many more have been forced to take pay cuts or seen hours slashed.
Thursday’s figures smashed economists’ forecasts of a rise in the unemployment rate to around 8 percent.
But beyond the headline figure — which is seasonally adjusted — there was some cause for concern.
The number of people present in the job market, hours worked and underemployment remained largely unchanged — pointing to an economy still in serious pain.
[give_form id=”141460″ show_title=”false” show_goal=”false” show_content=”above” display_style=”reveal”]
Australia’s unemployment rate fell slightly to 6.8 percent in August, spurring hopes that the worst of a coronavirus-fuelled recession may have passed.
Australia is experiencing its first recession in almost 30 years, prompting the government and central bank to embark on a vast stimulus spending programme to avert a full-blown depression.
Around a million people have lost their jobs and many more have been forced to take pay cuts or seen hours slashed.
Thursday’s figures smashed economists’ forecasts of a rise in the unemployment rate to around 8 percent.
But beyond the headline figure — which is seasonally adjusted — there was some cause for concern.
The number of people present in the job market, hours worked and underemployment remained largely unchanged — pointing to an economy still in serious pain.
[give_form id=”141460″ show_title=”false” show_goal=”false” show_content=”above” display_style=”reveal”]
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