Road to recovery: Unemployment rate is down to 6.8% after 100,000 jobs were created in August

  • Australia’s unemployment rate fell from 7.5 per cent to 6.8 per cent in August
  • The economy saw the creation of 111,000 jobs despite the Melbourne lockdown¬†

The worst may be over with Australia’s coronavirus crisis with 111,000 jobs created in August.

The unemployment rate fell from a 22-year high of 7.5 per cent to 6.8 per cent, the Australian Bureau of Statistics has revealed.

The jobless rate is still higher than March’s 5.2 per cent level before the World Health Organisation declared a coronavirus pandemic but it has fallen for the first time since February when the Australian share market peaked.¬†

National unemployment also fell despite Melbourne, Australia’s second biggest city, being placed into a strict, Stage Four lockdown with an 8pm to 5am curfew.¬†

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