Latest jobless rate higher than economists predicted, Bureau of Statistics unemployment figures show
Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcast
Australia’s employers shed jobs last month and the jobless rate rose, underscoring the Reserve Bank’s prediction that the labour market was near a turning point.
The unemployment rate in July was 3.7% with the economy losing a net 14,600 jobs, the Australian Bureau of Statistics said. Economists had predicted the jobless rate would tick higher to 3.6% from June’s reported 3.5% rate, with a net 15,000 increase in jobs.
About Author
More Stories
Labor loses $1bn from Victoria’s upcoming budget surplus in favour of ‘practical’ cost-of-living relief
Trump says he has a ‘little problem’ with Tim Cook over Apple’s India production
Son Heung-min tells South Korean police he is victim of blackmail attempt