SYDNEY, (Reuters) – The Australian job market fell for a second consecutive month in September due to coronavirus lockdowns that forced companies to cut hours and layoff workers. Meanwhile, the unemployment rate was held low by another decline in people searching for work.
The Australian Bureau of Statistics (ABS), Thursday’s data, showed that employment declined by 138,000 in September compared with median predictions of a decline of 137,000.
Analysts had predicted a 4.8% rise in unemployment. However, the rate actually rose to 4.6% from 4.5%. This is due to lockdowns, which stop people from searching for work and making them counted unemployed.
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