Employment surges in June, leaving the door open to further interest rate rises

New figures show Australians aged 55–64 saw the biggest jump in workforce participation. Marcus Aurelius/Pexels, CC BY Around 76,300 Australians gained a job in June, well above market expectations, while the unemployment rate held steady at 4.4%. That’s because the participation rate – which measures the share of working-age Australians either working or looking for work – jumped to 67% in June from 66.7%. People aged 55–64 had the largest annual growth in the participation rate, up 0.8…