Australian Prime Minister Anthony Albanese is facing mounting scrutiny as new data reveals a concerning rise in unemployment, despite record-high immigration numbers. Critics argue the government's economic strategy is failing to deliver for local workers.
Jobless Figures Climb Despite Population Boom
The latest employment statistics show Australia's unemployment rate has increased to 4.1%, marking the highest level in two years. This comes as net overseas migration reached a staggering 518,000 in the past year - the second-highest figure on record.
Opposition Blames Policy Failures
Shadow Treasurer Angus Taylor has slammed the government, stating: "These numbers prove Labor's economic management is hurting Australian workers. More people are chasing fewer jobs, and real wages continue to fall behind inflation."
Government Defends Economic Strategy
Treasurer Jim Chalmers maintains the government is "focused on creating quality jobs" while managing migration carefully. However, economists warn the current settings may be exacerbating housing shortages and wage stagnation.
Key Economic Concerns
- Youth unemployment now at 10.4%
- Underemployment rate remains high at 6.6%
- Real wages have fallen 3.4% since last election
The situation has reignited debate about Australia's migration intake, with some calling for immediate reductions to ease pressure on the job market and infrastructure.
