Jobless rate up to 7%, employment jumps

Cornelia Mascio
Novembre 20, 2020

Australia's unemployment rate has climbed to 7 per cent in October despite large numbers of residents gaining more hours at work or finding employment.

Full-time employment increased by 97,000, while part-time employment rose by 81,800, Australian Bureau of Statistics data released on Thursday shows.

"This strong increase means that employment in October was only 1.7 per cent below March, and reflects a large flow of people from outside the labour force back into employment", said Mr Jarvis.

The number of people out of work rose by almost 26,000 over the month.

Tasmania, Queensland and Victoria had the highest unemployment rates in October, at 8.2 per cent, 7.7 per cent and 7.4 per cent respectively.

Treasurer Dominic Perrottet in Fairfield announcing support for apprentices on November 14.

The nation's underemployment rate decreased to 10.4 per cent, and the number of monthly hours worked increased by 21 million compared with September.

About 36,700 young people aged 15 to 24 looking for work last month were able to find a job, however unemployment in the age group still increased by one per cent to a high of 15.6 per cent.

The increase in the unemployment rate is explained by an increase of people looking for work, largely as a result of JobSeeker conditions.

Overall about 75 per cent of the jobs lost during COVID-19 have returned, however factors including the eventual end of the JobKeeper wage subsidy are expected to have a further impact on unemployment figures.

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