Unemployment jumps through June

Original article by Lachlan Maddox
investordaily.com.au – Page: Online : 17-Jul-20

Unemployment in Australia rose to 7.4 per cent in June, according to the Australian Bureau Statistics, up from 7.1 per cent in May. However, Roy Morgan’s unemployment figures indicate that the unemployment rate has already reached 14.5 per cent, while the underemployment rate is 10.1 per cent. Roy Morgan CEO Michele Levine says the federal government needs to seriously consider extending the JobKeeper scheme beyond September, given Treasury figures that indicate around 3.5 million working Australians are relying on it.


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