Jobless figure up from 4% in May, despite 50,100 new roles being created across the economy, raising prospect of higher RBA interest rates
Australia’s jobless rate rose in June even as employers added the most new positions since February as more people started looking for work.
The economy added 50,100 jobs compared with the 20,000 additional positions forecast by economists. Full-time roles rose 43,300 and part-time positions rose by 6,800. Prior to Thursday’s release, investors were assessing a 25 basis-point increase in the cash rate to 4.6% next month as a 15% chance, the ASX’s rate tracker indicates.
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