Australia's unemployment hits 4-1/2 year high, lessens risk of rate rise - Reuters
Australia's unemployment hits 4-1/2 year high, lessens risk of rate rise Reuters
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"Today's jump in unemployment signals that the labour market narrative may be shifting faster than expected. It validates the RBA's inclination to hold in June and raises the bar significantly for a change."
— Krishna Bhimavarapu , Academic
"We expect the unemployment rate to peak at 4.8% in late 2027... Business confidence has cratered under higher inputs and borrowing costs, which will flow through their hiring decisions."
— Harry McAuley , Academic
"Today's jump in unemployment signals that the labour market narrative may be shifting faster than expected."
— Krishna Bhimavarapu , Academic
"We expect the unemployment rate to peak at 4.8% in late 2027."
— Harry McAuley , Academic
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<a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxNSXY4Uy1idWhpeklZaG9FY2hFQnBMV1dnVnh6ZlROZDFmZWdnb1RBM1ZHU3h2MDhDd080eGhkWUdxeHFEWk90ZlBTbk1pVWwwVEdmeXhfc0NsaTQxVEd6eFpsWFJwdm9UTXgtdjdEQ0pERzVyTG16VURFWF82d1VYdlZYRDA4TGoyd3dqY0otelcwRVlPZ1Y2U1ZNcVd1enh0alZ6OW5vX1BzZFhublNpZHU0MGRMVFhwS2VqN2dR?oc=5" target="_blank">Australia's unemployment hits 4-1/2 year high, lessens risk of rate rise</a> <font color="#6f6f6f">Reuters</font>
Australian employment unexpectedly fell in April, with the jobless rate rising to 4.5%, the highest since November 2021, reducing the likelihood of an immediate interest rate hike by the Reserve Bank of Australia.
Australian employment declined by 18,600 in April, with the unemployment rate climbing to 4.5%, the highest since November 2021, leading markets to reduce expectations for a near-term interest rate hike.
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