ABS update: employment falls by 594,300

http://blog.revolutionadvisors.com.au/abs-update-employment-falls-by-594300/

The ABS has reported that seasonally adjusted employment has fallen by 594,300 between March and April. The unemployment rate increased by one percent from 5.2 percent to 6.2 percent, with an additional 104,500 people becoming unemployed, bringing the number to 823,300 people. High numbers of people leaving the labour force also saw an unprecedented decline […]