Business
Australia’s unemployment rate hits 6.9%, with 29,500 more people losing jobs – The Guardian
Reserve Bank governor says recovery is under way but its shape remains uncertain
Unemployment in Australia nudged higher to 6.9% in September, with 29,500 more people out of work.
For the second consecutive month, Australias labour force outperformed expectations, although underemployment and youth unemployment continued to worsen.
After a surprise 0.7% drop in unemployment from 7.5% to 6.8% in August the Australian Bureau of Statistics release on Thursday revealed the loss of 20,100 full-time jobs and 9,400 part-time jobs in September.
Underemployment also increased by 0…
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