The National Australia Bank reported a decrease in businesses citing labour availability as a major issue in the June quarter, though levels remain higher than pre-COVID. Despite a rise in the national jobless rate to 4.3% and easing business conditions, confidence improved, particularly in mining and finance, as businesses faced challenges from wage costs and weak profitability.
Explain It To Me Like I’m 5: Businesses are feeling a bit better about finding workers than before, but there are still more problems than there used to be, and some places are doing worse than others.
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