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The Guardian - AU
The Guardian - AU
Business
Peter Hannam

Strong job numbers could mean more rate rises for Australia. Here’s why a recession isn’t a certainty

Australia Recession United States RBA Alan Oster Besa Deda Economy NAB Philip Lowe GDP
builder
Last month Australia added 76,000 jobs, the most since June 2022, but business confidence is on the skids. Photograph: Darren England/AAP

Australia’s surprisingly strong May labour force numbers will stoke fears of more interest rises by the Reserve Bank – but an economic recession isn’t a certainty.

Here’s what you need to know about what’s going on.

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