Business
Unemployment rate drops to 6.8pc on the back of Victoria’s coronavirus lockdown ending – ABC News
In a positive sign for the economy, Australia’s unemployment rate and underemployment rate both dropped last month but youth unemployment has increased once again…
Australia’s unemployment rate fell slightly last month to 6.8 per cent, with 90,000 more people employed.
Key points:
- Youth unemployment rose by 0.1 per cent to 15.6 per cent
- Underemployment people who want more hours of work dropped 1 per cent
- A boost in part-time work rather than full-time has led the employment recovery
Full-time jobs rose 84,200 and part-time jobs rose by 5,800.
Unemployment is now at its lowest level since April and below forecasts of it remaining stagnant at 7 per cent.
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