Australia Jobless Rate Hits 4.5% as RBA Hike Pressure Eases
Australia's unemployment rate rose to 4.5% in July, while employment fell by 15,800 against expectations for a 15,000 gain.
What happened
Australia's unemployment rate rose to 4.5% in July, while employment fell by 15,800 against expectations for a 15,000 gain.
Why it matters
The jobless rate has already reached the RBA's 4.5% year-end forecast, easing pressure for another hike but leaving inflation as the key constraint. The Australian dollar slipped 0.2% to about $0.7111.
What to watch
Watch next: whether the next Australian inflation data release keeps the RBA cautious.
Transcript
Australia's unemployment rate rose to 4.5% in July, while employment fell by 15,800 against expectations for a 15,000 gain. The jobless rate has already reached the RBA's 4.5% year-end forecast, easing pressure for another hike but leaving inflation as the key constraint. The Australian dollar slipped 0.2% to about $0.7111. Watch next: whether the next Australian inflation data release keeps the RBA cautious. FreshInsight delivers source-grounded finance briefs for market professionals. Source: Reuters Not financial advice. For information and education only.
Primary sources
Reuters
Distribution
YouTube / YedD-DQ3Wqg
Topics
interest-rates, finance-shorts, inflation-data, finance-news, audusd, australia-economy, australia-jobs, australian-dollar, labour-market, reserve-bank-of-australia
Disclaimer
Information and education only. Not financial advice.