InfoAfrik.com

Reliable Africa & Global News…

Australia’s unemployment rate rises to 4% but uncertainty now lingers over expected RBA cut

The jobless rate in December was 4%, according to the Australian Bureau of Statistics

Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcast

The unemployment rate increased in December, while job creation also rose, in a sign of a resilient labour market that creates uncertainty over an expected interest rate cut next month.

Australia’s jobless rate lifted to 4% in December, the Australian Bureau of Statistics data revealed on Thursday. At the same time, there were 56,300 additional people employed.

Continue reading…

About Author

Subscribe To Our Newsletter