Business
Australia’s new employment figures spur hopes of an economic recovery, with more than 100,000 new jobs created last month – SBS News
The unemployment rate unexpectedly fell to 6.8 per cent in August from 7.5 per cent the previous month, fuelling optimism that Australia may have passed the worst of the pandemic recession.
Australia’s unemployment rate has unexpectedly fallen to 6.8 per cent in August as another large jump in employment was reported with COVID-19 restrictions easing across most states.
The unemployment rate fell from a 22-year high of 7.5 per cent in July, but still stands well above the 5.1 per cent rate seen in February when the pandemic first hit Australia’s shores.
The number of people unemployed fell below one million after rising to a record high in July, according to figures released by t…
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