Economy

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

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 24/09/2026, 08:20:24 UTC.

Briefings

Australian unemployment reached its highest level since the pandemic in August 2026, with the jobless figure rising to 4.6% from 4.5% in the previous month. Economists note that this surge may not deter Reserve Bank of Australia from hiking interest rates despite the economic downturn. The data indicates Australians are actively seeking additional employment to offset rising living costs and mortgage expenses.

Key points

• Unemployment in Australia reached 4.6% in August 2026, marking the highest rate since the pandemic began.
• The Australian Bureau of Statistics reported this figure as a rise from 4.5% in the prior month.

Context and limitations

Data reflects August 2026 figures; analysis of unemployment trends remains preliminary as analysts question whether the current rate will influence future interest rate decisions.

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