Economists at Standard Chartered Bank believe the true health of the Australian labour market is significantly worse than the rise in the headline unemployment rate indicates. Key quotes “Despite the loss of 594,300 jobs in April, the unemployment rate rose only marginally to 6.2%, aided by a significant drop in the participation rate to 63.5% from 66% in March.” “We estimate that the true unemployment rate was close to 18.8%.” “We expect the unemployment rate to peak at c.12% in June.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Italy set to allow free movement within the country from June 3 – Bloomberg FX Street 2 years Economists at Standard Chartered Bank believe the true health of the Australian labour market is significantly worse than the rise in the headline unemployment rate indicates. Key quotes “Despite the loss of 594,300 jobs in April, the unemployment rate rose only marginally to 6.2%, aided by a significant drop in the participation rate to 63.5% from 66% in March.” “We estimate that the true unemployment rate was close to 18.8%.” “We expect the unemployment rate to peak at c.12% in June.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
