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Why a surprise jump in unemployment isn’t as bad as it sounds

  • Written by Jeff Borland, Professor of Economics, The University of Melbourne

New figures show Australia’s seasonally adjusted unemployment rate unexpectedly rose to 4.3% – its highest level since late 2021 – in June this year, up from 4.1% in May.

While this is bad news, it’s not as bad as it might seem. Higher unemployment came from more people looking for work. In the long run, that’s good...

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