The Guardian
UK · 46 mins ago
✦ 78◉ Centre
Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’
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Quality 78/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
Australia's unemployment rate rose to 4.5% in April, the highest in about four-and-a-half years, with employed numbers falling unexpectedly, potentially prompting the Reserve Bank to delay interest rate increases.
Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’
Surprise rise in jobless rate will give Reserve Bank more reason to delay another interest rate hike at June meeting
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Australia’s unemployment rate has jumped to 4.5% in April to reach the highest in about four-and-half-years, amid fears rising interest rates and the global oil crisis will smash economic growth.
The number of employed people unexpectedly fell by 18,600 in the mont
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