The September labour force data show the impact of the recession on jobs, hours worked and unemployment. It is bad news. Depressing in many ways to realise that there are 937,400 Australians unemployed, a further 1,538,800 underemployed and that since the onset of Covid-19, the workforce participation rate has dropped by 1.3 percentage points as people have given up looking for work.
"An ugly set of numbers" - Jobs market could get worse
Stephen Koukoulas October 19th 2020
Stephen Koukoulas is one of Australia’s leading economic visionaries, past Chief Economist of Citibank and Senior Economic Advisor to the Prime Minister.Website: https://odemanagement.com/speakers/stephen-koukoulas
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