Unemployment figures to show true impact of coronavirus on job market

  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Canada News News

The worst spike in unemployment in Australia’s history is expected to be announced today. 9News

It'll be the first real look at what strict lockdowns have had on the jobs market because the last figures that came out were for the first half of March when most of the restrictions and job losses happened in the second half.

Forecasts for the April labour force report centre on a 550,000 slump in the number of people employed, resulting in a massive spike in the jobless rate to 8.3 per cent from 5.2 per cent in March.

 

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

It’s what happens when a government isn’t prepared. Not for fires or pandemics. How insane is this. Australia can’t get it together. We all understand, have car bike or house even caravan we insure for the what ever.. But this Government. Well only care about themselves.

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:

 /  🏆 10. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Business confidence survey reveals 'unprecedented' falls in revenue for SA operators - ABC NewsMore than half of the hospitality and retail business operators to respond to a key SA business confidence survey say they are unlikely to survive another three months of coronavirus restrictions.
Source: abcnews - 🏆 5. / 83 Read more »