24-September-2026
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Economy News
 
Australia's Unemployment Rate Hits Five-Year High in August as More Seek Work
24-Sep-2026

Australian employment rose more than forecast in August but the unemployment rate still hit a five-year high as more people went looking for work, data showed on Thursday. The mixed report was not enough to shift already firm market bets that the Reserve Bank of Australia would raise interest rates next week for the fourth time this year.

News Source:- https://money.usnews.com/investing/news/articles/2026-09-23/australias-unemployment-rate-hits-five-year-high-in-august-as-more-seek-work