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AAP

Politics

Kat Wong and Andrew Brown

Nation on notice as signs point to growing jobless rate

Unemployment Reserve Bank

The jobs market is expected soften further by the end of the year, the federal treasurer says. (Joel Carrett/AAP PHOTOS)

More rises in unemployment levels could be on the cards as the jobless rate comes off historic lows.

Many market economists expected the jobless rate to stay at 4.1 per cent in June, but the Australian Bureau of Statistics said it jumped to 4.3 per cent - the highest level since November 2021.

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Top stories on inkl right now

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One subscription that gives you access to news from hundreds of sites

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Georgia power outage: Nearly 100,000 customers lose power as Hurricane Isaias sweeps across the state, bringing damaging winds and tornado threats

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The Times of India

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