Tag: unemployment
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University Graduates faced with unemployment amid Covid-19 economic downturn
University graduates are at risk of unemployment as they graduate into a job market where supply exceeds job demand. This comes as Australia’s seasonally adjusted unemployment rate rose to 7.5% in July 2020, making it the highest jobless rate since November 1998 as reported by the Australian Bureau of Statistics. University graduates have become increasingly…
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Unemployment rate drops to 5.5% as jobs rise
The national rate of unemployment fell 0.2% to a final figure of 5.5% for the month of May, exceeding market expectations of the rate remaining steady through the month. The rate of job creation for the month of May also exceeded expectations, with the 42,200-strong rise in full-time jobs far outstripping the predicted 10,000 rise.…
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Unemployment remains steady at 5.9%
Australia’s unemployment rate has remained steady throughout March, after larger-than-expected gains in full time job growth. According to the Australian Bureau of Statistics (ABS), the unemployment rate has remained steady at 5.9%, which is in line with market expectations. Figures released by the ABS show that full-time employment is largely the reason behind the steady rate, with seasonally…