World & BusinessAustralia’s jobless rate reportedly hits five-year high of 4.6% in August
The Straits Times reports that unemployment rose despite employment growth, as more people sought work.
TLDR
Australia’s unemployment rate reached 4.6% in August, its highest in five years, The Straits Times reports. Employment grew, but workforce participation also increased, amid concerns about inflation and interest rates.
Australia’s jobless rate reportedly hits five-year high of 4.6% in August
The Straits Times reports that unemployment rose despite employment growth, as more people sought work.