Australia & World

Australia may see a “net rebound” of employment in November

Saul Eslake, an economist at Corinna Economic Advisory, said employment could “net recover” in Australia by November, despite a rise in unemployment to 4.6% in September.

“By November, we’ve seen a net recovery in over 250,000 jobs nationwide, and I think the impact on employment rates has returned to 6-7%,” Eslake told Sky News Australia.

“These numbers themselves show a decline in employment and a slight increase in unemployment, but looking through them, the situation is probably better than expected.”

Eslake said employment “should see a big recovery” as unemployment returns to November’s May figures, which break the blockade of Victoria.

Australia may see a “net rebound” of employment in November

Source link Australia may see a “net rebound” of employment in November

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