Unemployment in Australia reaches 4.7%, its highest in nearly five years

The total number of employed Australians dropped by 39,300 jobs in the month, a surprise for economists who had expected employment to rise Unemployment has reached 4.7% and is at its highest in nearly five years after the economy shed jobs in September as cost of living and higher interest rates bite. The total number of employed Australians dropped by 39,300 jobs in the month, a surprise for economists who had expected employment to rise. Continue reading...