Australian unemployment falls, raising recovery hopes

Australia’s unemployment rate fell slightly to 6.8 percent in August, spurring hopes that the worst of a coronavirus-fuelled recession may have passed. The country’s statistical agency said Thursday that unemployment had fallen 0.7 points from the 7.5-percent rate posted in July, with the economy adding 111,000 more jobs. Australia is experiencing its first recession in […]

from Daily Times https://ift.tt/35TyAVY