New unemployment figures reveal a rise to the highest level since the pandemic, with the rate climbing to 4.6% in August after a slight increase from the previous month. Economists warn that Australians are increasingly struggling to secure work amid surging living costs and anticipated mortgage hikes, despite expectations that the central bank will proceed with interest rate increases. The latest data from the Australian Bureau of Statistics underscores growing economic pressures as households brace for further financial strain. Breaking updates on the situation are available through live coverage and news alerts.
Latest data also shows unemployment at highest level since the pandemic, which analysts doubt will stop RBA hiking interest ratesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralians are “scrambling” to find more work to cover soaring living expenses and prepare for higher mortgage costs, economists say, after new data showed unemployment ticked up to it’s highest rate since the pandemic.The key jobless figure lifted to 4.6% in August, from 4.5% the month before, according to the Australian Bureau of Statistics. Continue reading...
