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How landing a new job is getting tougher | The Business | ABC News
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Australia's unemployment rate climbed higher in June, despite the creation of about 50,000 jobs.
The Australian Bureau of Statistics says the increase was due to an uptick in the proportion of Australians aged 15 and over in work or looking for it.
Most economists believe the numbers are insufficient to shift the dial at next RBA meeting in August.
Financial traders have now eliminated any chance of an interest rate cut in 2024, while they've marginally increased bets on a rate hike in August.
#ABCBusiness #jobsearch #employment
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
The Australian Bureau of Statistics says the increase was due to an uptick in the proportion of Australians aged 15 and over in work or looking for it.
Most economists believe the numbers are insufficient to shift the dial at next RBA meeting in August.
Financial traders have now eliminated any chance of an interest rate cut in 2024, while they've marginally increased bets on a rate hike in August.
#ABCBusiness #jobsearch #employment
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
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