Business
Surprise fall in jobless rate as 111,000 people find work in August – Sydney Morning Herald
Unemployment surprises by falling sharply to 6.8 per cent in August despite the lockdown in Victoria.
There were huge falls in jobless rates in many areas. The Northern Territory’s jobless rate fell to 4.2 per cent from 7.5 per cent, in Western Australia it fell to 7 per cent from 8.3 per cent while in Queensland it went to 7.5 per cent from 8.8 per cent.
In NSW, the nation’s biggest jobs market, the jobless rate dropped to 6.7 per cent from 7.2 per cent.
Analysts and the government had been expecting a spike in unemployment in Victoria due to its lockdown. But even there, the jobless rate onl…
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