Business
‘An ugly set of numbers’: Jobs market could get worse – Yahoo Finance Australia
“Despite the efforts of the Morrison government… the labour force is still in tatters.”
The September labour force data show the impact of the recession on jobs, hours worked and unemployment.
It is bad news. Depressing in many ways to realise that there are 937,400 Australians unemployed, a further 1,538,800 underemployed and that since the onset of Covid-19, the workforce participation rate has dropped by 1.3 percentage points as people have given up looking for work.
They are an ugly set of numbers.
In percentage terms, 6.9 per cent of the workforce is unemployed while a futh…
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