Australians ‘scrambling’ for second jobs to deal with rising mortgage repayments and cost of living

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Australians are increasingly taking second jobs to cope with rising mortgage repayments and living costs amid a rise in unemployment to 4.6%, the highest since the pandemic. Economists remain concerned about continued interest rate hikes by the Reserve Bank of Australia.

Latest data also shows unemployment at highest level since the pandemic, which analysts doubt will stop RBA hiking interest rates Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Australians are “scrambling” to find more work to cover soaring living expenses and prepare for higher mortgage costs, economists say, after new data showed unemployment ticked up to it’s highest rate since the pandemic. The key jobless figure lifted to 4.6% in August, from 4.5% the month before, according to the Australian Bureau of Statistics. Continue reading...