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Jeff Borland, Professor of Economics, The University of Melbourne

Unemployment rises to 4.6%, but a September interest rate hike still looks likely

Unemployment Reserve Bank Inflation Australian Bureau of Statistics Australia

Unemployment rose to 4.6% in August, new Australian Bureau of Statistics figures show. That’s the highest it’s been since November 2021.

Since the start of this year, Australia’s unemployment rate has increased by 0.5 percentage points, up from 4.1% last December.

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