Australian employment falls further, intensifying labor market stress

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Australian employment fell by 1% over the month to Aug. 8, data showed on Tuesday, with job prospects particularly hard hit in the southeastern state of Victoria as it grapples with a fresh wave of coronavirus infections.

FILE PHOTO: A cashier works behind a protective plexiglass shield at a Coles supermarket following the easing of restrictions implemented to curb the spread of the coronavirus disease in Sydney, Australia, June 17, 2020. REUTERS/Loren Elliott

Figures from the Australian Bureau of Statistics showed payroll jobs for the period fell 2.8% in Victoria, which has suffered the biggest decline in employment since mid-March when Australia recorded its 100th coronavirus case. Economists said Tuesday’s numbers are a cause for concern as they showed jobs growth had stalled after a sharp rebound in recent months.

“Policymakers will need to be proactive in the coming months and there should be concern that rates of JobSeeker and JobKeeper are being reduced when unemployment remains so high.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oh, lord! that job looks absolutely depressing. Thank god, I’m unemployed. Dope Wednesday tattoo though.

Será culpa también de los comunistas, según Vox_es

Just the beginning..... ✌🐸

Something tells me she isn’t the most employable person

Molan los tatoos

More importantly wednesday adams tattoo. Is she single?

That's what happens when an authoritarian government imposes an indefinite lockdown on its people. It's absolutely disgraceful what the Australian government has done. Resembles North Korea and China more than a commonwealth nation. Now is the time to get out. Freedom is dead.

Gross aesthetic

Cool tattoo

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Short bets against US stocks have fallen to the lowest level since records began as the market's seemingly endless rally continues | Markets InsiderShort-seller interest has fallen to more than a 10-year low, the Financial Times reported, citing Goldman Sachs' data. Short-interest as a propo... The overconfidence phase Stock market only goes up. So easy to make money. federalreserve keep those printers going!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »