Thursday, June 17, 2021

Unemployment dives below pre-pandemic levels as jobs surge resumes

The official unemployment has dropped below pre-pandemic levels with 115,000 new jobs created in May. 

The Bureau of Statistics says the jobless rate fell to 5.1 percent, significantly below forecasts for 5.5 percent. 

ABC's Peter Ryan says the figures are unambiguously good with hours worked higher and the underemployment rate falling to 7.4 per cent, its lowest level since January 2014. 


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