Connect with us

National

‘Bumpy’ road to recovery as Treasury tips unemployment rate to top 13% by end of the year – The Guardian

Josh Frydenberg has put a positive spin on latest analysis but admits Victoria Covid lockdown is a setback

Published

on

Treasury predicts Australias effective unemployment will top 13% before the end of the year, with the Covid outbreak in Victoria hampering the recovery which saw real unemployment fall to 9.8% in July, down from a peak of 14.4% in April.
The sobering figure is contained in the treasurers July employment analysis, which also shows the Northern Territory registering the highest effective unemployment rate in the country at 12.1%, followed by Queensland at 11.4% and Victoria at 10.5%.
The ACT rec…

Click here to view the original article.