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Politics

FED:Jobs market holds key to next Reserve Bank rates call

IG Reserve Bank

An uptick in Australia's unemployment could scare the Reserve Bank off more rate hikes as fears grow about the impact of the Iran war on the economy.

The jobless rate is expected to remain at 4.3 per cent, with another 20,000 jobs added for April, when the Australian Bureau of Statistics releases the results of its latest Labour Force survey on Thursday.

"A resilient outcome in line with expectations would support the case for further RBA rate hikes in the months ahead," IG market analyst Tony Sycamore said.

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