Economy

Aug 8, 2013

Unemployment data: welcome to the jobs crunch

The July jobs figures suggest the government was right to lift its unemployment forecasts -- it's a soft labour market, even though unemployment is steady at 5.7% nationally. Glenn Dyer and Bernard Keane report.

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The July jobless report from the Australian Bureau of Statistics isn’t pretty and is starting to reveal the jobs crunch hinted at last week by the federal government, which forecast that unemployment would rise to 6.25% this financial year.

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