What adjective would you use to describe a rise in the unemployment rate from around 5% to above 11% in three months?
I understand and agree with the idea that emotionally laden words don’t always add much to the story, but in this case I think ‘soar’ is probably close to the mark. Australia’s unemployment rate peaked at 11.2% in 1992, and has only gone above 7% for a couple of months in the last 20 years.
https://www.ceicdata.com/en/indicator/australia/unemployment...