Unemployment climbs to highest level in almost five years
The Iran War and inflation are starting to hit Australia’s jobs market.
Experts say this has effectively killed the likelihood of another rate rise next month.
Australia's unemployment hits high
- Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’ The Guardian —
- Australia’s unemployment rate climbs to 4.5%; May flash PMI signals contraction, inflation expectations ease Seeking Alpha —
- Australian unemployment rate reaches five-year high Sydney Morning Herald —
- Breaking: Unemployment rate jumps to 4.5 per cent ABC News —
- Australia’s Surprising Jump in Unemployment Trims Rate-Hike Bets Bloomberg —