Story perspectives
Australia's Unemployment Soars to 20.3% Amid Inflation Spike
1/14/2025
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Story summary
- Australia's unemployment and under-employment reached 3.2 million (20.3%) in December, the highest since February 2021.
- Real unemployment rose by 180,000, totaling 1.54 million (9.7%).
- Job creation lagged behind population growth, causing ongoing labor under-utilization.
- Inflation increased by 0.6% in December, the largest monthly rise in a year.
