Latest jobless rate higher than economists predicted, Bureau of Statistics unemployment figures show
Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcast
Australia’s employers shed jobs last month and the jobless rate rose, underscoring the Reserve Bank’s prediction that the labour market was near a turning point.
The unemployment rate in July was 3.7% with the economy losing a net 14,600 jobs, the Australian Bureau of Statistics said. Economists had predicted the jobless rate would tick higher to 3.6% from June’s reported 3.5% rate, with a net 15,000 increase in jobs.
About Author
More Stories
China ‘evaluating’ US offer to engage in trade negotiations
Federal election 2025 live: Australia polls open, voting begins; Anthony Albanese and Peter Dutton on election day campaign for Labor and Coalition – latest news
AfD ‘extremist’ label sets up political high-wire act for Friedrich Merz