NSW Employment Looking Bad

Just as a reminder of where we left off prior to Easter - employment figures came out on Thursday showing we still have a little way to go - particularly in NSW where jobs are being lost at the rate of 500 a day.

Unemployment jumped from 5.2% to 5.7% on its way to most likely surpassing recent forecast highs of 7%. In NSW it's 6.9%. 34,700 people lost their jobs in March in Australia but almost half were in NSW. Excluding NSW the unemployment rate stands at 5.2%