Australia's unemployment rate jumped to 7.1 per cent in May, up from a revised 6.4 per cent in April, as the economy shed 227,700 jobs during the COVID-19 pandemic.
Unemployment is now at its highest since October 2001, when the rate reached 7.2 per cent, 19 years ago.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
