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Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’
Surprise rise in jobless rate will give Reserve Bank more reason to delay another interest rate hike at June meeting
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abc.net.au
Economists rush to change interest rate forecasts as jobless rate jumps
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.
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theage.com.au
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.
