Thursday, May 20, 2021

Unemployment rate ticks lower defying feared impact from Jobkeeper withdrawal

There's been a further improvement in the official jobless rate which appears to have defied the withdrawal of the emergency JobKeeper program in late March. 

Despite earlier fears of steep job losses as employers sacked staff, unemployment has fallen to 5.5 percent with almost 34,000 new full time jobs created. 

ABC's Peter Ryan says Treasurer Josh Frydenberg will claim the result as vindication of his management of the pandemic-induced crisis.




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