Unemployment rises to 5.3%, ABS figures show
The Reserve Bank cut interest rates in June and July on fears that unemployment was set to rise. Those fears appear to be coming to fruition, with latest figures showing unemployment rising to 5.3 per cent in July. Yet earnings growth has picked up somewhat.
Releasing its figures for July 2019 today (Thursday, 15 August), the Australian Bureau of Statistics (ABS) said that trend unemployment ticked up to hit 5.3 per cent, from the 5.2 per cent level recorded in June.
Read more at MyBusiness.
