Thursday, February 12, 2015

Jobs data red in Australia, highest unemployment rate in 13 years

The Australian jobs data is seeing red. Unemployment rate climbed to 6.4%, the highest level in 13 years as reported by The Guardian. The employment change also fell to -12.2 thousand, a massive drop compared to the previous period`s creation of 42.3 thousand new jobs.

The Australian Bureau of Statistics has the full labour force report. 

Here is a graphical representation of the data, taken from the report: 


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