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Unemployment Rate Hits Unwanted Five-Year High

The Australian Bureau of Statistics said 39,000 jobs were lost as economists said the softer labour market could curb another rate hike.

Unemployment has risen to a five-year high of 4.7 per cent but economists fear the Reserve Bank will hike rates again let the labour market worsen to bring inflation under control.

9 Articles

Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
Lean Left

RBA on notice to hold off on rate rises as jobless rate hits 5-year high

Unemployment lifts in September, before the Reserve Bank’s most recent rate hike.

·North Sydney, Australia
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BizToc broke the news on Thursday, October 15, 2026.
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