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Australia Unemployment Rate Jumps to 3-1/2-Year High in June
AUSTRALIA, JUL 17 – Australia’s unemployment rose to 4.3% in June 2025, with full-time jobs declining and part-time roles increasing, raising expectations of an interest rate cut next month.
- During its July 8 meeting, the RBA decided to hold rates steady as unemployment unexpectedly rose to 4.3%.
- While jobs figures softened, global uncertainty, high rates and cost-of-living pressures combined to create headwinds.
- The labour data revealed underemployment rose to 6% as 40,200 part-time roles were created and 38,200 full-time jobs were lost, and unemployment increased from 4.1% to 4.3%.
- Despite the hold, markets remain near nine-in-ten odds of a rate cut next month, yet the RBA's decision dampened sentiment, said Westpac economist Matthew Hassan.
- The RBA will meet on August 11 and 12, and Governor Michele Bullock said during that time, rates will head down gradually pending clearer inflation signals.
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Unemployment to rise further, Chalmers say, as Trump 'volatility' weighs on employers - Overpasses For America
Treasurer Jim Chalmers expects unemployment to rise further, arguing the uptick is “unsurprising” amid global uncertainty. Australia’s unemployment rate rose to 4.3 per cent in June, according to the latest data by the Australian Bureau of Statistics released on Thursday. Speaking against the backdrop of economic slowdowns and trade tensions as he attends a G20 meeting of finance ministers and central bank governors in South Africa, Chalmers urg…
Coverage Details
Total News Sources33
Leaning Left4Leaning Right6Center4Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 29%
R 43%
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