October 16, 2021

Ukraine Breaking News

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Australian Unemployment Rate Rises to 4.6% Due to Blockages – SPOTLITIER NEWS

The unemployment rate in Australia rose 0.1% to 4.6% in September as the first economic indicators of the Delta blockade come to light.

New data from the Australian Bureau of Statistics (ABS) showed that 123,000 people lost their jobs in Victoria in September, while 25,000 people lost their jobs in New South Wales.

Nationwide, employment has fallen by 138,000 as prolonged lockdowns in many states cause employment and hours worked to drop.

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Bjorn Jarvis, head of labor statistics at ABS, said measures to contain the virus are having an effect on the nation’s economic indicators.

“Prolonged lockdowns in New South Wales, Victoria and the Australian Capital Territory have seen employment and hours worked both return to below pre-pandemic levels,” Jarvis said.

“In September 2021 there were 111,000 fewer employees (0.9%) and 2.0% fewer hours worked than in March 2020”.

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Jarvis said that while 4.6% is still a very low unemployment rate, it doesn’t tell the whole story of how people work during COVID-19 restrictions.

“The low national unemployment rate continues to reflect reduced participation during the recent lockdowns, rather than strong labor market conditions,” Jarvis said.

“Over the past three months, labor force participation has fallen by more than 330,000, employment has fallen by 281,000, and unemployment has fallen by 53,000.

“Beyond people losing their jobs, or working short or off-hours, we continue to see how difficult it is for jobless people to stay active in the labor market during lockdowns. This has also been reflected in mutual obligations. for job seekers living in lockdown areas. in September. “

[ https://bbcbreakingnews.com/2021/10/14/australias-unemployment-rate-rises-to-4-6-per-cent-due-to-lockdowns/ https://d26toa8f6ahusa.cloudfront.net/wp-content/uploads/2021/07/30214746/a-quiet-place-part-2-bigs-16.pdf