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

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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.

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