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๐—ง๐—ต๐—ฒ ๐—๐—ผ๐—ฏ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐—บ๐—ฎ๐—ถ๐—ป๐˜€ ๐—ฆ๐˜๐—ฟ๐—ผ๐—ป๐—ด

The national unemployment rate remained at a very low 3.7% in August, according to the Australian Bureau of Statistics, but the job situation actually improved in three important ways.

First, an extra 65,000 people found work.

Second, the number of unemployed people fell by 2,600.

Third, the participation rate โ€“ which measures the share of adults who either have a job or are looking for one โ€“ rose from 66.9% to a record 67.0%.

However, there was one piece of gloomy news: the underemployment rate โ€“ which measures the share of people who arenโ€™t working as many hours as theyโ€™d like โ€“ rose from 6.4% to 6.6%.

Subiaco finance brokers are here to help

Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

The team at Sonam Capital are here to empower you through financial knowledge. Weโ€™ll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.

Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.

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