Australia Jobless Rate Jumps to 4-1/2 Year High as RBA Bets Fade
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Article Excerpt
7m2{]7sv[heqwc}4m}45z0kc_media_dl_1.png Reserve Bank of Australia Article content (Bloomberg) — Australia’s unemployment rate climbed to the highest level since November 2021, suggesting the labor market is cooling faster than anticipated and prompting traders to dial back expectations for further interest-rate increases. Article content The currency and yields on policy-sensitive three-year government notes both declined after the jobless rate rose to 4.5% against expectations for an unchanged 4.3%, the biggest miss since June last year, official data showed Thursday. Employment fell by 18,60…
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Jun 2, 2026