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Australia’s Surprising Jump in Unemployment Trims Rate-Hike Bets

Bloomberg Markets · May 21, 2026, 1:33 AM · Also reported by 4 other sources

Australia’s unemployment rate unexpectedly climbed in April, suggesting the labor market is beginning to cool in response to rising interest rates and an energy shockwave from the Middle East conflict.

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Australia’s Surprising Jump in Unemployment Trims Rate-Hike Bets

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