Australian jobless rate spikes in some regions
24/10/2008 17:09
Parts of Australia are already feeling the impact of the global financial
crisis, as sharp rise is witnessed in unemployment in the past year, said
Department of Education, Employment and Workplace Relations (DEEWR) data
released today.
The jobless rate in the Central Highlands-Wimmera region of
Victoria jumped 2.7 percentage points to 8.2 percent in the year to September,
while in the New South Wales area of Richmond-Tweed/ Mid-North Coast, the
jobless rate rose 2 percentage points to 7.5 percent, as did the St
George-Sutherland region to 3.7 percent.
DEEWR puts the nationwide jobless
rate at 4.0 percent in the September quarter, unchanged from a year
earlier.
The Australian government is expected to lift its unemployment
forecast for 2008-09 when it releases its mid-year budget review next month
because of the impact of global financial crisis on economic growth. In the May
budget it forecast the jobless rate at 4.75 percent by June next year.
The
Reserve Bank of Australia expects the jobless rate rise to five per cent in the
next year.
Xinhua
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