Unemployment rate rises to 3.8% in March
After a very strong employment growth figure in February, employment growth in March 2024 returned to more normal levels
After a very strong employment growth figure in February, employment growth in March 2024 returned to more normal levels
Australia’s unemployment rate has dropped from 3.7 to 3.6%, as the labour market showed strength over September.
With employment falling by approximately 15,000 individuals and unemployment rising by 36,000, the unemployment rate reached 3.7% in July.
Australia’s unemployment rate increased slightly in August even as the number of Australians working multiple jobs reached a record high.
The jobless rate in Australia fell to 3.5 per cent, the lowest level in 48 years, however, Anneke Thompson, Chief Economist, CreditorWatch observes that the economy is still facing many challenges.
Despite Omicron disruptions in the past few months, Australia’s unemployment figures in February 2022 have dropped to a 13-year low at 4 per cent.
Despite the lockdowns, Josh Frydenberg, Australia’s Treasurer is optimistic that the unemployment rate will remain low.
The employment scenario in Australia directly impacts Indians, who are now the second-largest migrant population in Australia after the British.
A new study has shown that finding a job in Australia is twice as competitive as the beginning of the year, despite the job market improving. With the unemployment rate being the highest it has been since 1998, many Australians now find themselves searching for work. The study by LinkedIn shows that while the job market […]