20-August-2026
Economy News
 
Australia Jobless Rate Hits Near 5-Year High of 4.5% in July
20-Aug-2026

Australian employment unexpectedly fell in July and the jobless rate hit its highest point since late 2021, data showed on Thursday, adding to signs of a cooling labour market and easing pressure for another interest rate hike.

News Source:- https://money.usnews.com/investing/news/articles/2026-08-19/australia-jobless-rate-hits-near-five-year-high-of-4-5-in-july