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Australia Second-Quarter Employment Fall May Now Be 15% Vs Earlier 20% Estimate


Thursday, 28 May 2020 08:20 WIB

Ekonomi AustraliaAustralia Employment


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Australian employment in the June quarter may have fallen by only 15% from a year earlier, less than a previous 20% estimate, as there are signs of job increases in the industries most affected by the novel coronavirus, the central bank chief said on Thursday.

Reserve Bank of Australia (RBA) Governor Philip Lowe reiterated that the economic outlook was still incredibly uncertain.

Lowe was speaking before a parliamentary committee which is looking at the Australian government’s response to the coronavirus pandemic.

Source : Reuters


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