Australia's unemployment rate drops sharply after lockdowns, with employers scrambling to hire hundreds of thousands of extra staff as many businesses reopened.
Australia's unemployment rate has dropped sharply after lockdowns, with employers scrambling to hire staff.The ABS estimates that 366,100 jobs were added between the two readingsOfficial ABS data shows the unemployment rate dived from 5.2 in October to 4.6 per cent in November, after lockdowns had ended in New South Wales, Victoria and the ACT.
Other labour market indicators were also positive, with underemployment dropping from 9.5 to 7.5 per cent and hours worked up 4.5 per cent.
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