Business
Unemployment rate rises to 7 per cent as more people look for work, but employment jumps by 179,000 – ABC News
Australia’s jobless rate increases slightly from 6.9 to 7 per cent in October as more people join the labour market but the number of jobs created jump as Victoria’s…
Australia’s unemployment rate rose last month as more people looked for work, but there was a strong surge in the number of people hired as Victoria’s coronavirus lockdown eased.
Key points:
- Unemployment climbed from 6.9 per cent to 7 per cent in October
- Underemployment fell from 11.4 per cent to 10.4 per cent
- Youth unemployment lifted by 1 per cent to 15.6 per cent
The Bureau of Statistics (ABS) said the unemployment rate rose by 0.1 per cent from 6.9 per cent in September to 7 per cent in October…
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