Fed:Upbeat consumers could still end in tears
11 Jun 2009 2:30 AM
We'll find out today how much the global economic crises has really hit the country .. when the latest unemployment figures are published.
Economists are expecting the official data for May to show a sharp jump in the jobless rate .. after what was seen as a dodgy result in April .. when the rate surprising fell.
Deputy Prime Minister JULIA GILLARD is sticking with the May budget forecast of 8.5 per cent unemployment by mid-2011 .. leaving a million people on the dole queue.
Today's figure for May is expected to be at least 5.7 per cent .. up from the unreal 5.4 per cent in April.
