Coronavirus: Unexpected drop in unemployment rate but COVID-induced recession could last years – NEWS.com.au

Australias unemployment figure has shocked pundits by unexpectedly falling to 6.8 per cent as the economy roars back to life in the states that have managed to reopen the economy.Border closures and the coronavirus lockdown on Victoria have had a huge impact on the unemployment rate with some states that have reopened recording a surprise jobs boom.
According to the Australian Bureau of Statistics, total jobs increased by a surprising 111,000 jobs in August, a figure propped up by the creation …

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