Business
More than one million Australians out of work as unemployment rate edges up to 7.5% – The Guardian
Despite joblessness rise, employment rose 114,700 in survey completed prior to Victoria’s stage four lockdown
More than one million Australians are now out of work, according to the latest labour force data, which shows the unemployment rate is now 7.5%.
Even though seasonally adjusted employment increased by 114,700 people between June and July, and hours worked increased 1.3%, the unemployment rate in July edged up from 7.4% in June.
The survey was completed before Victoria implemented the stage four lockdown in an effort to contain a second wave of coronavirus infections in the state, so the monthl…
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