Australia's unemployment rate hits 6.9%, with 29,500 more people losing jobs

Unemployment in Australia nudged higher to 6.9% in September, with 29,500 more people out of work.

For the second consecutive month, Australia’s labour force outperformed expectations, although underemployment and youth unemployment continued to worsen.

After a surprise 0.7% drop in unemployment from 7.5% to 6.8% in August the Australian Bureau of Statistics release on Thursday revealed the loss of 20,100 full-time jobs and 9,400 part-time jobs in September.

Read more: https://www.theguardian.com/business/2020/oct/15/australias-unemployment-rate-hits-69-with-29500-more-people-losing-jobs