Thursday, July 16, 2020

Unemployment climbs to 7.4pc despite creation of more than 211,000 jobs


Official numbers from the Bureau of Statistics estimate unemployment rose from 7.1 to 7.4 per cent in June, despite the addition of nearly 211,000 jobs. 

While underemployment and underutilisation rates are slightly lower, youth unemployment has reached a 23 year high of 16.4%. 

ABC's Peter Ryan says real unemployment rate without JobKeeper would be an effective 13.3 percent.



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