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An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate - but it's a headache for Jim Chalmers

By The Guardian   |   1 month ago
An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate - but it's a headache for Jim Chalmers

Australia's unemployment rate unexpectedly rose to 4.5%, prompting concerns about the labor market's resilience. The possibility of a rate cut by the Reserve Bank is high, as the jobless rate may increase further. The focus is on whether this is a temporary blip or a worrying trend.

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