Skip to main content Skip to news navigation, settings and search Explore the ABC Loading ABC News News Home Unemployment rate hits 4.5pc, the highest level in post-COVID era Share Share article Unemployment rate hits 4.5pc, the highest level in post-COVID era By business reporter Gareth Hutchens Topic: Employment Statistics Posted Thu 20 Aug 2026 at 12:28pm Thu 20 Aug 2026 at 12:28pm Thu 20 Aug 2026 at 12:28pm , updated Thu 20 Aug 2026 at 3:54pm Thu 20 Aug 2026 at 3:54pm Thu 20 Aug 2026 at 3:54
So, the unemployment rate in Australia has just hit a delightful post-COVID high of 4.6% in August. That’s right, folks! It’s the highest level we’ve seen since November 2021, and honestly, what a way to kick off the month! I mean, who doesn’t love a little unemployment rise to spice things up?
Now, before you panic and start hoarding toilet paper again, let’s break this down a bit. The unemployment rate increased from 4.5% in July. Just a tiny little bump, but hey, it’s still a bump! Kind of like that annoying speed bump you encounter right when you’re trying to make a good impression.
According to Reserve Bank governor Michele Bullock, this uptick in jobless figures is apparently a strategy to help curb inflation. So, if you’ve ever thought that being unemployed might actually contribute to the economy, congratulations! You’re right! (Just kidding, don’t quit your job yet.)
Now, let’s talk about the states. Victoria currently holds the crown for the highest unemployment rate in the nation at 5.2%. If you’re from Victoria, I’m not saying you should feel bad about that, but maybe consider starting a support group or something?
But what does this all mean? Well, for starters, it means that the job market is feeling a little shaky. Employers might be tightening their belts, which could lead to fewer job openings and more competition for the ones that are available. So, if you were thinking of finally applying for that dream job, maybe it’s time to brush off the ol’ resume and give it a go. Just remember, a little bit of charm (and maybe a well-placed dad joke) can go a long way in interviews these days.
Of course, it’s not all doom and gloom. Some sectors are still hiring like they’re in a race against time. Technology, healthcare, and trades are still buzzing with opportunities. So, if you’ve got some skills in those areas, now might be the perfect time to shine.
As we move forward, it’s essential to keep an eye on these trends. The economy is a bit like a rollercoaster—lots of ups and downs, and sometimes you just have to hold on tight and hope for the best. So, whether you’re currently employed, seeking work, or just trying to figure out how to make the most of your couch surfing time, remember that the job market is always changing.
In conclusion, while the rise in unemployment can seem a bit scary, it’s also a reminder of how interconnected our economy is. So let’s keep our heads up, keep applying, and who knows? Maybe the next job you apply for will be the one that brings back the joy of work (and a paycheck). And remember, if all else fails, there’s always the option of starting a cat video channel on YouTube. Who can resist a good cat video, right?
Inspired by: “Unemployment rate reaches post-COVID era high of 4.6pc in August” (r/Business)