Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’

AI Summary

Surprise rise in jobless rate will give Reserve Bank more reason to delay another interest rate hike at June meeting Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Australia’s unemployment rate has jumped to 4.5% in April to reach the highest in about four-and-half-years, amid fears rising interest rates and the global oil crisis will smash economic growth. Newsiline summarises this report from The Guardian Australia and links readers to the original publisher for the full story.

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