Asian Economic News

Australia Unemployment Rates Moves Up To 5.7%

Australia saw a seasonally adjusted unemployment rate of 5.7 percent in June, the Australian Bureau of Statistics said on Thursday.

That missed forecasts for 5.6 percent - which would have been unchanged from the previous month following the revision up from 5.5 percent.

The Australian economy added 10,300 jobs, beating expectations for a flat reading after easing a revised 700 jobs in May.

by RTTNews Staff Writer

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