Australia's jobless figures for May will be released today with many analysts expecting the unemployment rate to rise to 5.6%, with 10,000 jobs being lost from...

Joanne Ma
Joanne Ma Livewire Markets

Australia's jobless figures for May will be released today with many analysts expecting the unemployment rate to rise to 5.6%, with 10,000 jobs being lost from the economy. The jobs outlook for Australia has declined of late with economists now tipping the unemployment rate to rise above 6% by the end of the year, a level not seen in nearly a decade. NAB chief economist Alan Oster has recently commented that the economy is not growing fast enough in a fundamental sense to generate enough jobs to keep the unemployment rate level. (VIEW LINK)

Australia economy unemployment

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