21-May-2026
Economy News
 
Australia's Unemployment Hits 4-1/2 Year High, Lessens Risk of Rate Rise
21-May-2026

Australian employment unexpectedly fell in April while the jobless rate jumped to the highest level since late 2021, a possible sign the labour market might be loosening enough to stave off a near-term interest rate hike. The underwhelming data led markets to pare the chance for a rate hike in June to just 8%, from 20% before, following three consecutive rate increases by the central bank this year.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-20/australia-jobs-slip-in-april-unemployment-hits-highest-since-2021
 
 
 

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