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Australian unemployment rises to 3-year high

Australian unemployment rises to 3-year high

Unemployment in Australia rose to 5.2 percent in February, the highest level in nearly three years and yet another sign of the global economic downturn.
The government's Australian Bureau of Statistics said Thursday that the unemployment rate was 5.2 percent in February, up from 4.8 percent the previous month. Full-time employment decreased by 53,800 in February.
The federal government is predicting a jobless rate of 5.5 percent by June, rising to 7 percent a year later.


Updated : 2021-05-17 11:15 GMT+08:00