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Australia jobless rate hits near five-year high of 4.5% in July

Net employment fell 15,800 as part-time jobs dropped and markets said the result makes another Reserve Bank of Australia rate hike less likely.

  • Australia's unemployment rate rose to 4.5% in July, the highest since late 2021, with employment falling by 15,800 jobs, indicating a cooling labor market.
  • The participation rate dropped to 66.9%, and the underemployment rate remained at a two-year high of 6.4%.
  • The Reserve Bank of Australia kept interest rates steady at 4.35%, with markets seeing little chance of a hike in September due to softer employment and wage growth data.
  • Economists warn that offshore risks such as geopolitical tensions, financial tightening, rising bond yields, and adverse weather events like El Nino could impact inflation and economic growth.
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Australia’s unemployment rate rises to 4.5%

·Otago, New Zealand
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FXStreet broke the news on Wednesday, August 19, 2026.
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