Australian unemployment report is here
This unemployment rate is bad, but better than expected but there is a huge but, the plunge of participation… that of ABS (repeated from the previous post) sums it up:
- otherwise, the unemployment rate would have been around 9.6%
AUD and NZD both declined. Also note the decreases for other currencies. As I have said over and over again on data publications as they show the devastation caused by COVID-19 responses, do not read the isolated data from the country in question, such results will be repeated worldwide.