News & Analysis

Australia’s unemployment rate will top 9% as we head to Christmas, Treasurer says

- July 23, 2020 2 MIN READ

Australia’s unemployment rate is predicted to hit 9.25% in the December quarter this year as the shockwaves from the Covid-19 pandemic continue to hit the national economy, Treasurer Josh Frydenberg said in updating the government’s budget figure In the Economic and Fiscal Update released today, the Treasurer said 700,000 jobs had been saved as a… Read more »