The Australian unemployment report post is her
That unemployment rate is bad, but better than expected but there is a huge but, the plunge in participation … this from the ABS (repeated from the earlier post) puts it in a nutshell:
- without this the jobless rate would have been around 9.6%
AUD and NZD both lower. Note also the falls for other currencies. As I have been saying over and over again on data posts as they show the devastation caused by the COVID-19 responses, do not read the data as isolated to the country in question, such results are going to be repeated around the globe.
