Business
ASX up 0.8% at new seven-month peak; Jobless rate rises to 6.9% – The Sydney Morning Herald
The ASX200 shook a weak Wall Street lead to touch a new seven-month high at Thursday’s open. Mining giants BHP, Rio Tinto and FMG surged.
Bjorn Jarvis, head of Labour Statistics at the ABS, said employment in September was around 3.3 per cent below March.
The data also showed that hours worked rose by 0.5 per cent, following a small decrease in August (0.1 per cent),” he said.
“However, hours worked were 5.1 per cent below March.”
Mr Jarvis said the September data also provides further insights into the labour market impacts from the Stage 4 coronavirus restrictions in Victoria.
Employment in Victoria decreased by 36,000, foll…
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