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