Australia’s Unemployment Rate Rises to 4.5%

Australia’s Unemployment Climbs to 4.5% as Economy Sheds Jobs

Australia’s unemployment rate unexpectedly rose in July, supporting the Reserve Bank’s view that the labor market is likely to loosen and prompting traders to pare bets on another interest-rate increase.

Jobs data divides experts on future rate hikes

Fresh jobs figures have left mortgage holders in limbo, with economists sharply split over whether Australia’s rising unemployment signals an impending rate cut.