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Australia’s unemployment rate has risen to 3.5 per cent in August 2022, largely in line with market expectations.

New data from the Australian Bureau of Statistics (ABS) showed the unemployment rate rose 0.1 percentage points as 14,000 Australians left the active workforce.

The participation rate also rose, to 66.6 per cent, consistent with the increase in employment and unemployment.

The participation rate is now 0.2 percentage points below the record high in June and 0.7 percentage points higher than before the pandemic.

Read more at www.9news.com.au


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