Article 6TKGT Australia’s unemployment rate rises to 4% but uncertainty now lingers over expected RBA cut

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

by
Jonathan Barrett
from World news | The Guardian on (#6TKGT)

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

The unemployment rate increased in December, while job creation also rose strongly, 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, as more people sought work.

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