EPISODE · Aug 17, 2023 · 3 MIN
Jobless rate ticks to 3.7pc as slowdown begins; A$ sinks on signs rate rises are over
from Peter Ryan_ABC News Soundcloud · host Peter Ryan
Australia's official unemployment rate rise to 3.7pc in July with the number of jobless people rising by 36,000 according to the Bureau of Statistics. The data adds to expectations that the Reserve Bank's interest rate hiking cycle is over unless inflation reignites.
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Jobless rate ticks to 3.7pc as slowdown begins; A$ sinks on signs rate rises are over
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