Business
Australia’s unemployment rate rises to 6.9 per cent – Sydney Morning Herald
Australia’s unemployment rate increased by 0.1 percentage points in September, with 29,500 people leaving the workforce over the month.
Employment in Victoria fell by 36,000 jobs, following a 37,000 drop in August, and hours worked in the state declined 2.1 per cent.
Economists were surprised last month by an improvement in the official jobless figure, with more than 110,000 roles created in August pushing the unemployment rate down to 6.8 per cent from 7.5 per cent. There had been an expectation of a jump to 8 per cent on the back of more restrictions to manage coronavirus outbreaks in Victoria.
While this put total employmen…
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