Unemployment rate increased 0.4 pts to 7.4%. I'll take what I can. "This may mean that many of the people receiving the JobSeeker payment are not counted as unemployed," she said. In 2016, the unemployment rate for Aboriginal and Torres Strait Islander people aged 15 years and over was 18 per cent. The participation rate for 15-24 year olds (who are often referred to as the "youth" group in the labour market) increased 3.9 pts to 63.5% in June 2020. "EY chief economist Jo Masters said they expected the unemployment rate to rise to 10 per cent. How long will it take to get my results back?Millions of Aussies have been told to isolate. This increase was driven by 71,200 part-time workers and 43,500 full-time workers.Unfortunately, this wasn’t enough to offset the official unemployment rate rising slightly to 7.5% (seasonally adjusted).
"I was told sales had dropped 50 per cent and they couldn't afford to keep staff on. Check out the table below for the official figures:As you can see, unemployment rates decreased in most states and territories in July. "While Victoria may be set for by far the biggest unemployment rise in August, it had the second lowest state unemployment rate in July.Queensland recorded the nation's highest seasonally adjusted unemployment rate last month, with only it and New South Wales recording increases in their jobless rates, while all the other states reported falls.This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced.Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume. The number of unemployed soared 69,300 to an all-time high of 992,300. How long will it take to get my results back?Millions of Aussies have been told to isolate. "I was half packed up and got pulled into an office and told I was made redundant. Full-time employment decreased 38,100 to 8,489,100 people and part-time employment increased 249,000 to 3,839,400 people. "The day I was made redundant I was told I wouldn't be the only one. The number of unemployed people increased … Unemployment increased 20,300 to 718,600, and the participation rate remained steady at 66 per cent. Despite joblessness rise, employment rose 114,700 in survey completed prior to Victoria’s stage four lockdownMore than one million Australians are now out of work, according to the latest labour force data, which shows the unemployment rate is now 7.5%.Even though seasonally adjusted employment increased by 114,700 people between June and July, and hours worked increased 1.3%, the unemployment rate in July The survey was completed before Victoria implemented the stage four lockdown in an effort to contain a second wave of coronavirus infections in the state, so the monthly result is likely more rosy than the current reality.Full-time employment increased by 43,500 people in the month, and part-time employment by 71,200 people.
Does that stack up?Clive Palmer claiming victory over WA after Supreme Court actionWife buried in backyard for 45 years was hit with metal bar, husband admits to policeNeighbours' row over 'two very Australian phenomena' ends up in NSW Supreme CourtIn her formal VP announcement, Kamala Harris went hard on Donald TrumpFamily of woman left with irreversible brain injuries after paramedic treatment loses $3m High Court caseNZ Deputy PM says a quarantine breach was most likely source of new infections. "We expect this divergence to widen considerably over the near term as the full impact of the economic shock feeds through. This rate increased by 0.6% in July, which would have helped to push up the unemployment rate in turn. "NAB's Kaixin Owyong the jobs figures would "deteriorate sharply in April where we expect a large rise in unemployment, which we forecast to reach 11.75 per cent by mid-year". "The April Westpac Consumer Sentiment survey suggested that one in five workers have lost their entire income. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more. "The coronavirus didn't have a noticeable impact on the March labour market data but upcoming releases will show a sharp deterioration," he said. Tasmania and South Australia saw the largest falls. "BIS Oxford Economics chief economist Dr Sarah Hunter said ABS data due next month would give a clearer picture of the impact on the labour market.But she said in order to be counted as 'unemployed', the person must be actively looking for work. "Everyone was packing up their computers to head home," Mr Leithner said. "Hours worked will be a key gauge of the health of the labour market and total income pie, with many on the JobKeeper payment likely to be counted as employed but with substantially reduced hours, possibly zero, in the coming months," she said. Here's what that means for youThe Australians who are sick of hearing 'you should have come home earlier'Three months on, does Australia need a new coronavirus contact tracing app?Coronavirus-hit Melbourne supermarket alarmed by silence from contact tracers13 locally acquired cases and one traveller behind New Zealand's new COVID-19 casesLive: New Zealand Deputy PM claims cases may be linked to quarantine breach, citing unofficial sourceAndrews urges Victorians not to get ahead of themselves as state records drop in new coronavirus infectionsClive Palmer claiming victory over WA after Supreme Court actionWife buried in backyard for 45 years was hit with metal bar, husband admits to policeNeighbours' row over 'two very Australian phenomena' ends up in NSW Supreme CourtIn her formal VP announcement, Kamala Harris went hard on Donald TrumpFamily of woman left with irreversible brain injuries after paramedic treatment loses $3m High Court caseNSW confirms 12 new coronavirus cases as latest death linked to church clusterNine arrested in police raids after homemade bomb exploded at wrong Sydney house'We are stuck here': Stephanie is helping put food on your plate and hasn't seen her kids in nearly a yearPolice find knife believed to be used to kill Canberra Comanchero leader'Terror crocodile' with banana-sized teeth ate dinosaursThe key points from Daniel Andrews' latest coronavirus press conferenceClive Palmer claiming victory over WA after Supreme Court action13 locally acquired cases and one traveller behind New Zealand's new COVID-19 casesLive: New Zealand Deputy PM claims cases may be linked to quarantine breach, citing unofficial sourceWife buried in backyard for 45 years was hit with metal bar, husband admits to policeNeighbours' row over 'two very Australian phenomena' ends up in NSW Supreme CourtFamily of woman left with irreversible brain injuries after paramedic treatment loses $3m High Court caseCoronavirus-hit Melbourne supermarket alarmed by silence from contact tracersLive: New Zealand Deputy PM claims cases may be linked to quarantine breach, citing unofficial sourceAndrews urges Victorians not to get ahead of themselves as state records drop in new coronavirus infectionsNZ Deputy PM says a quarantine breach was most likely source of new infections.
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