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Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’
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Surprise rise in jobless rate will give Reserve Bank more reason to delay another interest rate hike at June meeting Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Australia’s unemployment rate has jumped to 4.5% in April to reach the highest in about four-and-half-years, amid fears rising interest rates and the global oil crisis will smash economic growth.The number of employed people unexpectedly fell by 18,600 in the month – the first decline this year – dragging the jobless rate up from 4.3%, according to the Australian Bureau of Statistics. Continue reading...
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