Australia Jobless Rate Hits Near Five-Year High of 4.5% in July

Australia jobless rate hits near 5-year high of 4.5% in July

SYDNEY: Australian employment unexpectedly fell in July and the jobless rate hit its highest point since late 2021, data showed on Thursday, adding to signs of a cooling labour market and easing pressure for another interest rate hike.

Unemployment rate hits 4.5pc, the highest level in post-COVID era

Australia's unemployment rate hits 4.5pc in July, the highest level in the post-COVID era, reducing the chance of another rate hike in September.

Australia jobless rate hits near five-year high of 4.5% in July

SYDNEY, Aug 20 (Reuters) - Australian employment unexpectedly fell in July and the jobless rate hit its highest since late 2021, data showed on Thursday, ​easing pressure on the central bank to raise ‌interest rates. The weak report sent the Australian...

Jobs shock as unemployment climbs to 4.5 per cent

Australia’s jobless rate has risen to its highest level since the early days of the Iran war.

ASX 200 LIVE updates: Employment drops 15.8k in July, jobless rate rises to 4.5pc

ASX up 0.2pc in earnings deluge. Aussie dollar, bond yields fall after jobs data miss; IDP Education tumbles 27pc; Dexus warns of lower 2027 earnings; Telix swings to profit. Follow live.

Australia jobless rise does not signal labour weakening

The slight lift to 4.5% in July was mostly rounding, with labour demand still holding up enough to avoid signalling a broad slowdown.