Unemployment rate set to increase

By Veronica Joseph · 7 July 2009 · Locked

Jobless Rate on the Rise: What's Next for Australia?

Get ready for a shock to the economy as unemployment numbers are set to skyrocket. Will the government have a plan to mitigate the effects?

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Summary

The number of Australians out of work is expected to reach 674, 000 when the official jobless rate is released on Thursday. Economists predict the unemployment data will show the rate has grown from 5.7 to 5.9 percent in June. The rate is expected to further increase over the coming months. Economists surveyed by BusinessDaily […]