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Sep 12, 2013

Unemployment hits 15-year high — and about Abbott’s sharemarket surge …

Unemployment is on the way up, write Crikey writers Glenn Dyer and Bernard Keane, but the good news for the new PM is his election has triggered a miracle sharemarket surge the world over.

The number of people unemployed in Australia last month hit a 15-year high in August, according to the latest data from the Australian Bureau of Statistics, as the slowing resources investment boom and weak domestic demand in sectors such as retailing and the media take a toll on employment.

3 comments

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3 thoughts on “Unemployment hits 15-year high — and about Abbott’s sharemarket surge …

  1. Kevin Herbert

    Bernard at his sardonic best!!!

  2. Bill Hilliger

    Unemployment up? Nah, Tony will fix it – he said so didn’t he!

  3. klewso

    Boats and the unemployed keep coming…..?

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