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.

One in 20 people in the UK is now unemployed, according to new figures

Experts said the gloomy ONS figures showed the beginning of a hit to jobs from the energy shock caused by the Middle East conflict.

All four major banks now expect the RBA to keep the cash rate on hold at its next meeting on June 16, as the unemployment rate spikes to 4.5 per cent.

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.

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.

Surprise rise in jobless rate will give Reserve Bank more reason to delay another interest rate hike at June meeting

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