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Victoria suffers greatest jobless rate

ABS figures have shown that the jobless rate has risen to 5.7 percent, and the worse hit state has been Victoria, with research showing one-in-12 households have lost jobs in the past three months.

Market research conducted by consultancy CoreData has shown that 8.2 per cent of Victorian households have someone who has been affected by unemployment this year. It also found that those most affected were families and those at the peak of their career.

The report states the young have been most affected, “Also more affected are those just getting into the swing of a career and are perhaps less embedded in a company – 10.7 per cent of those aged between 21 and 30 had direct exposure to unemployment over the past three months.”

On a national scale, unemployment rose by 52,900 to almost 613,000 in March – more than twice as much as economists had forecast, and the biggest monthly jobless rise since the 1991 recession.

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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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