Australia's real unemployment rate is higher than states and territories have have closed borders
4 years, 6 months ago

Australia's real unemployment rate is higher than states and territories have have closed borders

Daily Mail  

The real level of unemployment is higher in states and territories that have closed their borders to other parts of Australia. The Northern Territory has Australia's effective unemployment rate of 12.1 per cent - despite the easing of COVID-19 restrictions. Pictured are drinkers at Darwin's Moonsoons bar The Northern Territory was the exception with the effective unemployment rate rising from 11.2 per cent in April to 12.1 per cent in July - the highest in Australia despite the easing of coronavirus restrictions. EFFECTIVE UNEMPLOYMENT RATE PER STATE 2020 State April May June July NSW 15.8 13.5 10.4 8.5 VIC 14.6 13.1 11.7 10.5 QLD 15.1 15.2 12.1 11.4 SA 15.3 13.7 11.2 9.8 WA 14.4 14.4 10.7 9.8 TAS 14.1 14.5 10.8 7.9 NT 11.2 11.3 12.3 12.1 ACT 9.8 8.3 6.2 5.2 AUSTRALIA 14.9 13.9 11.2 9.9 Source: Treasurer Josh Frydenberg The ACT, which has no border restrictions for those outside Victoria, has Australia's lowest effective unemployment rate of 5.2 per cent. Western Australia which is barring everyone except designated workers and those with compassionate reasons, also has a lower-than-average effective unemployment rate of 9.8 per cent.

Labor Australia Unemployment Rate State Cent Rate Sydney Victoria Queensland Nsw Vic Effective Unemployment  98  state  territories  covid19  cent  closed  higher  borders  rate  australia  states  australias  effective  unemployment  territory  real

History of this topic

Unemployment rate edges higher to 4.1 per cent in January as workforce participation hits record high
1 month ago

Unemployment rate edges higher to 4.1 per cent in January as workforce participation hits record high

ABC  

Australia's unemployment rate rose slightly to 4.1 per cent in January, from 4 per cent in December, as more people looked for a job or found work. "The rises in both the number of people employed and unemployed saw the participation rate rise by 0.1 percentage point, to a new record high," ABS head of labour statistics Bjorn Jarvis said. …

Inflation has fallen in Australia and NZ, but which is faring better?
1 month, 1 week ago

Inflation has fallen in Australia and NZ, but which is faring better?

ABC  

New Zealand's economy is in recession. But inflation has fallen in both countries, and Australia's Reserve Bank is expected to start cutting interest rates soon. For example, New Zealand's labour force hasn't grown in the past 12 months, but you wouldn't know that by looking at its unemployment rate. Therefore, you could argue that New Zealand's unemployment rate is obscuring …

Australia's unemployment rate falls to 3.9pc in November, its lowest level since March
3 months, 1 week ago

Australia's unemployment rate falls to 3.9pc in November, its lowest level since March

ABC  

Australia's unemployment rate fell to 3.9 per cent in November, down from 4.1 per cent in October. "The only downside to Australia's remarkably strong job market is that any hope of a near-term interest rate cut is over," said Callam Pickering, APAC economist at global job site Indeed. "Today's blockbuster November employment report seemingly pushes back — yet again — …

Unemployment rate climbs to 4.2 per cent in July despite 58,000 people finding work
7 months, 1 week ago

Unemployment rate climbs to 4.2 per cent in July despite 58,000 people finding work

ABC  

The unemployment rate has climbed to 4.2 per cent in July — its highest level since November 2021 — as Australia's economy continues to slow down. "The unemployment rate rose to 4.2 per cent in July, with the number of unemployed growing by 24,000 people and employed by around 58,000. However, that competitive jobs market extends well beyond graduates — …

Unemployment edges up despite more than 50,000 extra jobs amid population and participation growth
8 months ago

Unemployment edges up despite more than 50,000 extra jobs amid population and participation growth

ABC  

Australia's unemployment rate has continued to edge higher, despite the creation of about 50,000, mostly full-time, jobs. "The participation rate in June was only 0.1 percentage point lower than the historical high of 67.0 per cent in November 2023," he noted. "This, along with the continued high level of job vacancies, suggests the labour market remains relatively tight, despite the …

Australia's unemployment rate declines to 4 per cent in May, presenting a 'goldilocks' scenario for Reserve Bank
9 months, 1 week ago

Australia's unemployment rate declines to 4 per cent in May, presenting a 'goldilocks' scenario for Reserve Bank

ABC  

Australia's headline unemployment rate was 4 per cent in May, down 0.1 percentage points from April. However, ABS data show the "trend" unemployment rate — which looks through the more volatile seasonally adjusted monthly figure — picked up slightly in May, from 3.9 per cent to 4 per cent. "At 4 per cent, the unemployment rate is spot on the …

Australia's unemployment rate rises to 4.1 per cent in April
10 months ago

Australia's unemployment rate rises to 4.1 per cent in April

ABC  

Australia's headline unemployment rate rose to 4.1 per cent in April, up 0.2 percentage points from March. "This suggests that the labour market remains tight, though less tight than late 2022 and early 2023," said Bjorn Jarvis, ABS head of labour statistics. "The bank will therefore be pleased that overall hours worked fell by 0.8 per cent year-on-year, the first …

What's the unemployment rate in your region? This data tells you
10 months, 2 weeks ago

What's the unemployment rate in your region? This data tells you

ABC  

Do you feel like the unemployment rate doesn't reflect the reality of where you're living? "This new data will provide regions across Australia with a much better indication of the state of their labour market and how it’s changing over time," he said. "Regional labour market information is some of the most sought-after information the ABS produces, so it's exciting …

Can Australia pull off the once-impossible with jobs and inflation?
11 months, 3 weeks ago

Can Australia pull off the once-impossible with jobs and inflation?

ABC  

At least, that's the thinking of a growing number of the world's greatest minds as they ponder the thorny subject of chucking people on the unemployment scrap heap. Instead, it's been replaced by the "Non Accelerating Inflation Rate of Unemployment" or the NAIRU, the elusive level of despairing workers that will keep prices in check. Michele Bullock's worst fears were …

Unemployment rate remains at 3.7 per cent in August, as employment grows by 65,000
1 year, 6 months ago

Unemployment rate remains at 3.7 per cent in August, as employment grows by 65,000

ABC  

Australia's unemployment rate has remained at 3.7 per cent for August, with employment increasing by 64,900 people and unemployment declining by 2,600 people. Key points: The participation rate hit a new record high of 67 per cent in August The unemployment rate remained at 3.7 per cent Employment increased by 64,900, while official unemployment declined by 2,600 Australian Bureau of …

Employing young people could ease worker shortages, but employers need to make it happen
2 years ago

Employing young people could ease worker shortages, but employers need to make it happen

ABC  

Will Parker didn't know what he wanted to do when he finished school. Key points: Youth unemployment is double the rate of the general population Due to their age, young people often lack work experience Employers who look beyond that are being rewarded with a larger pool of potential staff "I had absolutely no idea. "The stronger the labour market …

Unemployment rate jumps from 3.5 per cent to 3.7 per cent in January figures
2 years, 1 month ago

Unemployment rate jumps from 3.5 per cent to 3.7 per cent in January figures

ABC  

Australia's unemployment rate has increased from 3.5 per cent to 3.7 per cent according to last month's figures, in seasonally adjusted terms. "January is the most seasonal time of the year in the Australian labour market, with people leaving jobs but also getting ready to start new jobs or return from leave," Mr Jarvis said. David Bassanese, the chief economist …

Deutsche Bank forecasts Australia will enter a recession in 2023, following an expected rise in unemployment
2 years, 4 months ago

Deutsche Bank forecasts Australia will enter a recession in 2023, following an expected rise in unemployment

ABC  

If investment firm Deutsche Bank's forecasts hold true, Australia will enter a recession next year. Key points: Deutsche Bank expects Australia's unemployment rate to rise by one percentage point to 4.5 per cent by the end of 2023 The RBA's unemployment forecast for the end of 2023 is much lower, at 3.7 per cent A one percentage point drop qualifies …

Unemployment rises for the first time in 10 months despite continuing jobs boom
2 years, 6 months ago

Unemployment rises for the first time in 10 months despite continuing jobs boom

ABC  

Australia's unemployment rate has ticked up to 3.5 per cent in August, from 3.4 per cent the month before. Key points: The unemployment rate rises for the first time since October 2021 ABS data show 33,500 jobs were added in August but workforce participation also rose More than three-quarters of a million Australians worked reduced hours last month due to …

Long-term unemployment is falling rapidly, and it's changing lives
2 years, 7 months ago

Long-term unemployment is falling rapidly, and it's changing lives

ABC  

The labour market hasn't been this tight in decades. In October last year, when the national unemployment rate was still 5.2 per cent, there were 183,400 people in long-term unemployment. But the unemployment rate is now 3.4 per cent, a level last seen in the early 1970s, and the number of people in long-term unemployment has dropped by 55,500. Well, …

Unemployment may soon dip below 3 per cent and is set to stay below 5 per cent for years to come
2 years, 7 months ago

Unemployment may soon dip below 3 per cent and is set to stay below 5 per cent for years to come

ABC  

Unfathomably, Australia's unemployment rate has sunk to 3.5 per cent. In the years before COVID, typically 3 per cent of the workforce worked less than usual hours in any given week as a result of illness or injury. In the half century we have been collecting modern employment statistics, unemployment has shot up dramatically three times: in the mid-1970s, when …

An unemployment rate of 2.9 per cent? Some economists think it's possible. But then what happens?
2 years, 7 months ago

An unemployment rate of 2.9 per cent? Some economists think it's possible. But then what happens?

ABC  

The Reserve Bank is expected to lift interest rates again this week, following this month's increase. But bank economists say there's enough strength in the labour market to suggest that the unemployment rate could keep falling from here, even with the RBA lifting interest rates relatively quickly. And last week, economists from ANZ said the unemployment rate could fall further …

Australia’s central bank says interest rates too low after hikes
2 years, 8 months ago

Australia’s central bank says interest rates too low after hikes

Al Jazeera  

Reserve Bank of Australia suggests benchmark rate still too low as unemployment dips to lowest level in nearly 50 years. Australia’s central bank has signalled the need for higher interest rates to tame rising inflation, despite recent rate hikes, as unemployment drops to its lowest level in nearly 50 years. The Reserve Bank of Australia sees the current benchmark rate …

One unemployed person per vacant job: Has Australia finally hit full employment?
2 years, 8 months ago

One unemployed person per vacant job: Has Australia finally hit full employment?

ABC  

Australia's unemployment rate is 3.5 per cent, and it hasn't been this low since August 1974. But even accounting for those realities, he said full employment would see far more people in jobs than existed in the wasteful inter-war years, when 10 per cent of the workforce was frequently without work. But a few years later, after full employment had …

With inflation rising and talk of a possible recession, Australia's low unemployment rate may not be cause for celebration
2 years, 8 months ago

With inflation rising and talk of a possible recession, Australia's low unemployment rate may not be cause for celebration

ABC  

Have you ever had the "tap on the shoulder"? So why raise this idea when this week Australia's unemployment rate fell to 3.5 per cent — the lowest level since 1974? "We think a relatively large rise in unemployment over a short period of time is a more useful definition of recession for Australia than the 'accepted' definition of two …

Unemployment plunges to 3.5 per cent, with nearly 90,000 jobs added in June
2 years, 8 months ago

Unemployment plunges to 3.5 per cent, with nearly 90,000 jobs added in June

ABC  

Australia's official unemployment rate has dropped to 3.5 per cent, with an estimated 88,400 jobs added to the economy last month. Key points: The unemployment rate has fallen from 3.9 to 3.5 per cent This is the lowest official jobless rate recorded since August 1974 Job vacancies remain high, with almost one available position for every officially unemployed person This …

The unemployment rate is falling quickly. This 'special formula' explains why
3 years, 1 month ago

The unemployment rate is falling quickly. This 'special formula' explains why

ABC  

Want to see the unemployment rate drop quickly? The "labour force framework" shows show how closed borders have impacted the unemployment rate, writes Gareth Hutchens. However, the unemployment rate will go down by much more when you boost employment by drawing on the pool of unemployed people. Notice how, when the pool of unemployed people shrinks to feed the growth …

Have closed borders pushed Australia’s unemployment rate down? This model shows they have
3 years, 1 month ago

Have closed borders pushed Australia’s unemployment rate down? This model shows they have

ABC  

Have our closed international borders helped to drive the unemployment rate down? We have to engage with the labour force framework Whenever we talk about the "unemployment rate", we must engage with the labour force framework that produces the number. Embedded in the concept of the "working-age population" and how it's linked to the "labour force" and how the labour …

How is the unemployment rate falling to such low levels? Is this normal?
3 years, 1 month ago

How is the unemployment rate falling to such low levels? Is this normal?

ABC  

OK, it's getting weird. According to the Reserve Bank, Australia's unemployment rate could fall to 3.75 per cent by the end of 2023. Fascinatingly, he said the unemployment rate could fall below 4 per cent this year, and it could be "around 3.75 per cent" by the end of 2023. So, when the unemployment rate declines, it's supposed to indicate …

Why doesn't the unemployment rate make sense? Because it's not designed for you
3 years, 4 months ago

Why doesn't the unemployment rate make sense? Because it's not designed for you

ABC  

When you hear people talking about the unemployment rate, does the number ever make sense to you? Don't job seekers want to know how many jobs are actually available at the moment, and how many people are competing for each job? Don't they want to know how long it's taking to find a job in the current labour market? Now, …

Why are millions of unemployed people excluded from our monthly 'unemployment' data?
3 years, 5 months ago

Why are millions of unemployed people excluded from our monthly 'unemployment' data?

ABC  

Do you scratch your head when you hear the government talking about the unemployment rate? Let's look at it again: to be considered officially unemployed, you must be available to start work in the same two weeks as the labour force survey is taking place. And that means you're shunted off into a different definitional category, called "not in the …

Unemployment rate dropped early in lockdown as people gave up looking for work, data reveals
3 years, 7 months ago

Unemployment rate dropped early in lockdown as people gave up looking for work, data reveals

ABC  

Australia's official unemployment rate dropped early on in the latest round of lockdowns, as the number of people looking for work fell. Key points: Unemployment fell to 4.6 per cent last month, from 4.9 per cent in June The unemployment rate is the lowest it has been since December 2008 The ABS says a huge fall in labour force participation …

Australia's unemployment rate falls below 5 per cent for the first time in 10 years
3 years, 8 months ago

Australia's unemployment rate falls below 5 per cent for the first time in 10 years

ABC  

With the unemployment rate hitting its lowest level in a decade, you would expect the federal government to be celebrating loudly. Key points: Unemployment rate falls to 4.9 per cent, from 5.1 per cent It's the lowest unemployment rate in a decade The lockdowns in New South Wales will impact the jobs data in coming months But Prime Minister Scott …

We should thank the unemployed for their service. They've been used to control inflation
3 years, 8 months ago

We should thank the unemployed for their service. They've been used to control inflation

ABC  

I want to show you something. Well, if the unemployment rate starts declining, and their model's telling them it's very close to, or has fallen below, the presumed "natural" level, they'll lift interest rates to "take some heat out" of the economy. By preventing the unemployment rate from falling below its presumed "natural" level, they've been using hundreds of thousands …

Unemployment below pre-pandemic levels as jobs surge resumes. Will wages rise?
3 years, 9 months ago

Unemployment below pre-pandemic levels as jobs surge resumes. Will wages rise?

ABC  

From fears of mass unemployment to worries about labour shortages, Australia's jobs market has staged a dramatic turnaround since the COVID-19 pandemic hit our shores. Key points: Unemployment falls from 5.5 to 5.1 per cent An estimated 115,200 jobs were added, the vast majority full-time The underemployment rate also fell from 7.8 to 7.4 per cent, a seven-year low For …

Unemployment rate still falling as COVID economic recovery continues
3 years, 11 months ago

Unemployment rate still falling as COVID economic recovery continues

ABC  

Australia's unemployment rate has continued to fall, and it is women leading the jobs recovery. Key points: The unemployment rate fell from 5.8pc in February to 5.6pc in March Unemployment is now just 0.4 of a percentage point higher than it was before the COVID-19 pandemic was declared These ABS numbers relate to employment over the first two weeks of …

The COVID-19 pandemic helped unemployment figures, but spare capacity clouds Australia's future
3 years, 11 months ago

The COVID-19 pandemic helped unemployment figures, but spare capacity clouds Australia's future

ABC  

When it comes to jobs, Australia's recovery after the economic shock of the national, pandemic-driven lockdown has been nothing short of astonishing, at least if you check the headline numbers. In February, the unemployment rate dived to 5.8 per cent, way below the 6.3 per cent jobless rate in January, a performance that stunned pundits and professional economic soothsayers alike. …

Unemployment rate rises to 7 per cent as more people look for work, but employment jumps by 179,000
4 years, 4 months ago

Unemployment rate rises to 7 per cent as more people look for work, but employment jumps by 179,000

ABC  

Australia's unemployment rate edged higher last month as more people looked for work, but there was a strong surge in the number of people hired as Victoria's coronavirus lockdown eased. Key points: Unemployment climbed from 6.9 per cent to 7 per cent in October Underemployment fell from 11.4 per cent to 10.4 per cent Youth unemployment lifted by 1 per …

Deb Frecklington says Queensland had four consecutive years of the highest unemployment in the nation before the pandemic. Is that correct?
4 years, 4 months ago

Deb Frecklington says Queensland had four consecutive years of the highest unemployment in the nation before the pandemic. Is that correct?

ABC  

The claim For years, Queensland's unemployment rate has been above the national average. "When you've had four consecutive years of the highest unemployment rate in the nation — and this was before COVID — Queenslanders deserve a government that has an economic plan to drag Queensland out of the recession and get people into jobs," Ms Frecklington said. Likewise, using …

Australia's unemployment rate could be higher than 6.9 per cent according to analysis of welfare payments
4 years, 4 months ago

Australia's unemployment rate could be higher than 6.9 per cent according to analysis of welfare payments

ABC  

Australia's unemployment rate could be much higher than the 6.9 per cent reported last week, according to an ABC analysis of Federal Government welfare payments. Key points: Australia's jobless rate peaked at 7.5 per cent in July during the pandemic The gap between the unemployment rate and the JobSeeker rate is much higher in regional and rural areas. Economist Sarah …

Young Australians face 'bleak future' if Federal Government pursues budget repair too soon, Greens say
4 years, 5 months ago

Young Australians face 'bleak future' if Federal Government pursues budget repair too soon, Greens say

ABC  

If the Federal Government begins repairing the budget when the unemployment rate is 6 per cent, nearly 2 million Australians will still be out of work, or not getting enough work, and young people will bear the brunt of the pain, analysis shows. Key points: The youth unemployment rate is always higher than the national average Economists warn the unemployment …

NSW's unemployment rate is 6.7 per cent — but in these parts of Sydney it's a very different story for young people
4 years, 5 months ago

NSW's unemployment rate is 6.7 per cent — but in these parts of Sydney it's a very different story for young people

ABC  

Geraldeen Ansumana has been looking for work since the start of this year. "It's quite difficult, because you're having hopes like finally, I've got a job and I'm going to start working, and then they say, 'we're going to get back to you'," she said. Last week, the ABS said NSW's unemployment rate dropped to 6.7 per cent, but the …

Unemployment rate falls but job seekers say finding work is still 'really hard'
4 years, 6 months ago

Unemployment rate falls but job seekers say finding work is still 'really hard'

ABC  

Australia's unemployment rate is falling, but those without work say it is not getting any easier to find a job, especially in locked-down Victoria. Key points: The official ABS unemployment rate has fallen from 7.5 per cent in July to 6.8 per cent in August The percentage of underemployed people, who wanted to work more hours than they did, remained …

Unemployment higher in states that have closed their borders to states with little, no COVID cases
4 years, 6 months ago

Unemployment higher in states that have closed their borders to states with little, no COVID cases

Daily Mail  

Australia's unemployment hot spots are in states that have closed their border to other states or territories with very few or even no COVID-19 cases. Queensland's Wide Bay region north of Brisbane, covering the cities of Bundaberg and Hervey Bay near Fraser Island, has Australia's second highest jobless rate of 17 per cent - a surge from 8.8 per cent …

Unemployment edges up despite massive coronavirus jobs bounce-back
4 years, 7 months ago

Unemployment edges up despite massive coronavirus jobs bounce-back

ABC  

The job creation headline was strong, with almost 115,000 new positions being filled last month, but finding work remains a hard slog for Liesl Filippi. Key points: Unemployment was expected to jump from 7.4 to 7.8 per cent, but only rose to 7.5 per cent Hours worked rose by 1.3 per cent as 43,500 full-time jobs were added, and 71,200 …

New Zealand's unemployment rate is almost half Australia's, but is it really doing that much better?
4 years, 7 months ago

New Zealand's unemployment rate is almost half Australia's, but is it really doing that much better?

ABC  

New Zealand released its latest employment data this week. Its official unemployment rate has just fallen from 4.2 per cent to 4 per cent, despite New Zealand's much harsher initial COVID-19 lockdowns. "That hard lockdown at the start of the quarter combined with the wage subsidy scheme meant that unemployment rate was estimated to be 2.7 per cent early in …

WA unemployment rate soars to 8.1 per cent with 104,000 jobs lost amid coronavirus pandemic
4 years, 9 months ago

WA unemployment rate soars to 8.1 per cent with 104,000 jobs lost amid coronavirus pandemic

ABC  

Western Australia has recorded the highest unemployment rate in the nation as the full economic damage caused by the coronavirus pandemic continues to be revealed. Key points: The 8.1 per cent unemployment rate is the state's highest on record The 8.1 per cent unemployment rate is the state's highest on record There are now more than 112,000 West Australians unemployed …

Toowoomba, NSW Mid North Coast, Shepparton have Australia's highest unemployment since COVID-19
4 years, 10 months ago

Toowoomba, NSW Mid North Coast, Shepparton have Australia's highest unemployment since COVID-19

Daily Mail  

Unemployment has surged the most in areas of Australia that weren't necessarily dependent on foreign tourists or overseas university students for survival. Australia's joblessness hot spots Toowoomba, Queensland: 12.2 per cent Mid-North Coast, NSW: 11.8 per cent Shepparton, Victoria: 10.8 per cent Wide Bay, Queensland: 10.2 per cent Brisbane east, Queensland: 9.8 per cent Adelaide north, South Australia: 9.6 per …

Coronavirus fuels steepest-ever drop in Australian jobs
4 years, 10 months ago

Coronavirus fuels steepest-ever drop in Australian jobs

Al Jazeera  

Hundreds of thousands lost jobs as a result of the coronavirus lockdown, as government warns worse is yet to come. Australian jobs plunged by the most on record in April as hundreds of thousands of people became unemployee as a result of coronavirus lockdowns, with Prime Minister Scott Morrison warning Australians to brace for more “hard news”. Additionally, Prime Minister …

Coronavirus has hit Australia's job market harder than unemployment figures suggest
4 years, 10 months ago

Coronavirus has hit Australia's job market harder than unemployment figures suggest

ABC  

National unemployment figures released this week are some of the most confusing in Australia's history. That's why the number of "monthly hours worked" is a much better indicator of the state of the labour force than the unemployment rate. He says if you add the number of people who left the labour force with the number of officially unemployed people, …

Why did the official unemployment rate barely rise in March, despite coronavirus spurring job losses?
4 years, 11 months ago

Why did the official unemployment rate barely rise in March, despite coronavirus spurring job losses?

ABC  

Australia's official unemployment rate only rose slightly last month to 5.2 per cent, up from 5.1 per cent in February. 'Employed' but working zero hours However, next month we'll Stay up-to-date on the coronavirus outbreak Download the ABC News app and subscribe to our range of news alerts for the latest on how the pandemic is impacting the world The …

Unemployment rises to 5.2 per cent in March but full impact of coronavirus yet to show
4 years, 11 months ago

Unemployment rises to 5.2 per cent in March but full impact of coronavirus yet to show

ABC  

The unemployment rate has risen to just 5.2 per cent in March, up from 5.1 per cent in February, and well below economists' expectations of a jump to 5.4 per cent. Key points: The Australian Bureau of Statistics labour force data does not reflect the full impact of business shutdowns due to the coronavirus pandemic Economists say the headline unemployment …

Australia expects surge in jobless rate but restrictions remain
4 years, 11 months ago

Australia expects surge in jobless rate but restrictions remain

Al Jazeera  

Australian officials are planning to maintain strict rules on social distancing for six months due to the coronavirus. Australia’s unemployment rate is forecast to spike to the highest level in 25 years because of the coronavirus pandemic, but officials said on Tuesday it was still too soon to let up on social restrictions that are curbing economic growth. However, Deputy …

Unemployment rate predicted to reach 10 per cent amid coronavirus pandemic, pushing Australia into recession
4 years, 11 months ago

Unemployment rate predicted to reach 10 per cent amid coronavirus pandemic, pushing Australia into recession

ABC  

Unemployment is set to soar to its highest rate in almost three decades, with 1.4 million Australians expected to be out of work. Key points: The unemployment rate will rise from 5.1 per cent to 10 per cent in the June quarter, according to Treasury figures But estimates show the rate would have been higher without the JobKeeper program The …

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