Job­less rate rises

Townsville Bulletin - - NEWS -

UN­EM­PLOY­MENT is be­lieved to have bumped higher last month, ow­ing to a slow­down in the creation of new jobs. Of­fi­cial fig­ures to be re­leased on Thurs­day are likely to show the job­less rate rose to 6.1 per cent, ac­cord­ing to a sur­vey of 11 econ­o­mists. The fore­cast comes af­ter record low in­ter­est rates and slug­gish wages growth helped push un­em­ploy­ment to its low­est level in a year in May. It fell to a sea­son­ally ad­justed 6.0 per cent, from a down­wardly re­vised 6.1 per cent in April. Em­ploy­ment is ex­pected to have fallen by 5000 last month.

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