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Ultra-Low Unemployment in Australia to Hold Firm

Started by Epoch-Times-Bot, Dec 10, 2022, 06:30 PM

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Epoch-Times-Bot

Dec 10, 2022, 06:30 PM
Ultra-Low Unemployment in Australia to Hold Firm

The jobless rate is expected to remain in record-low territory heading toward the end of the year as the battle to hire workers rages on.
In October 32,200 jobs were added to the economy, driving the jobless rate back to 3.4 percent from 3.5 percent in September.
The unemployment rate is expected to remain in the mid-threes when the Australian Bureau of Statistics publishes labour force figures for November on Thursday.
But the jobs market is likely at capacity and unlikely to get any tighter, amid some signs it’s starting to come off its extraordinary peaks.
Job advertisement numbers fell in November for the sixth month in a row, suggesting the post-pandemic recruitment frenzy is starting to normalise as businesses recover and migration returns to normal....

Source: Ultra-Low Unemployment in Australia to Hold Firm

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