The 0.1 per cent increase came as a surprise to economists who predicted it would rise to at least to 5.5 per cent.
Around 6,000 jobs were added back into the economy. The data is based on surveys taken during the first two weeks of March. Economists said April figures would be a better representation of the current Labour market.
LOL, i think the muppets that prepare these numbers need to join the unemployed.
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March unemployment lifts marginally but warnings of big jumps aheadThe Australian Bureau of Statistics has reported 20,300 people lost work in March, pushing up the jobless rate by 0.1 percentage point but cautioned the full impact of the coronavirus would be clearer in the April figures It’ll all be ok. We are expected as a business to fund and back pay all our staff and then claim it back from job keeper, no indication of how quickly this will reappear in our accounts, we have been hibated without income, as a small business this seems untenable and the future for us, doubtful
Source: smh - 🏆 6. / 80 Read more »
March unemployment lifts marginally but warnings of big jumps aheadThe Australian Bureau of Statistics has reported 20,300 people lost work in March, pushing up the jobless rate by 0.1 percentage point but cautioned the full impact of the coronavirus would be clearer in the April figures It’ll all be ok. We are expected as a business to fund and back pay all our staff and then claim it back from job keeper, no indication of how quickly this will reappear in our accounts, we have been hibated without income, as a small business this seems untenable and the future for us, doubtful
Source: smh - 🏆 6. / 80 Read more »