Australia News

Australian Unemployment Rate Rises to 4.2 Percent, Highest Level Since Late 2021

About 58,200 new jobs were created.
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Australian Unemployment Rate Rises to 4.2 Percent, Highest Level Since Late 2021
Pedestrians and shoppers move through the central business district (CBD) in Sydney, Australia, on Aug. 6, 2024. Lisa Maree Williams/Getty Images
Monica O’Shea
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Australia’s unemployment rate went up 0.1 percent to 4.2 percent in July, according to new data released on Aug. 15.

This was the highest level since November 2021 but 1 percentage point lower than March 2020, the Australian Bureau of Statistics (ABS) noted.

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Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]