Australia’s unemployment rate hits two-year high – data ...News

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Australia’s unemployment rate hits two-year high – data
source : Russia Today ( News ) () 58
Joblessness accelerated in January, jumping above 4%, official statistics show Australia’s unemployment rate has risen to its highest level since early 2022, hitting 4.1% in January, the Australian Bureau of Statistics (ABS) reported on Thursday. The figure is slightly above the consensus expectation of 4%, an uptick from December’s reported 3.9%. The economy added 11,100 full-time jobs and shed 10,600 part-time jobs last month, according to the data. The report added to concerns of slack in the country’s labor market in the face of a slowing economy and subdued consumer demand. Economists warn that unemployment c

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