Australia's unemployment rises to highest level in five years

Summarised from 2 outlets · Updated 24 Sept, 07:38 · Archive

Australia's unemployment rate has risen to 4.6 per cent, the highest level in almost five years.

The Australian Bureau of Statistics reported that unemployment increased to 4.6 per cent in August, up from 4.5 per cent the previous month. Economists say Australians are seeking additional work to manage rising living costs and anticipated higher mortgage repayments.

How it is being reported

• Australians ‘scrambling’ for second jobs to deal with rising mortgage repayments and cost of livingLatest data also shows unemployment at highest level since the pandemic, which analysts doubt will stop RBA hiking interest rates Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Australians 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.…Guardian Business · 24 Sept, 07:12
• Australia's unemployment rate jumps to highest level in almost five yearsAustralia's unemployment rate has edged up to 4.6 per cent, the highest level in almost five years.Daily Mail · 24 Sept, 03:28

In this story: Australia · Australian Bureau of Statistics · RBA

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