Reported about 12 hours ago
Australia's unemployment rate has surged to 4.3% in June, the highest since late 2021, raising concerns about the resilience of the labor market and increasing speculation for an interest rate cut in August. Although employment figures showed only a slight increase, full-time jobs fell significantly, reflecting challenges needing attention, including the impact of tariffs on business investment. The Reserve Bank of Australia remains cautious about inflation, awaiting upcoming consumer price data.
Source: YAHOO