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Breaking: Unemployment rate jumps to 4.5 per cent
Key takeaways
- Australia's unemployment rate has jumped 0.2 percentage points to 4.5 per cent.
- The increase in the jobless rate was driven by a drop in female employment.
- The financial markets have now priced in a slightly lower chance of a Reserve Bank interest rate hike in June.
Why this matters: an international story with cross-border implications worth tracking.
Australia's unemployment rate has jumped 0.2 percentage points to 4.5 per cent.
The increase in the jobless rate was driven by a drop in female employment.
The financial markets have now priced in a slightly lower chance of a Reserve Bank interest rate hike in June.
Article preview — originally published by ABC Australia. Full story at the source.
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