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Unemployment remains at 5.8 percent

In a sure sign the economy is improving, the unemployment rate held steady in July.

Figures released by the ABS show the official jobless rate remained at 5.8 percent in July, as companies continue to battle the downturn without resorting to cutting staff numbers.

The news has come as a surprise to many leading economists, who predicted the jobless rate would increase to six percent.

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Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

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