Dow Jones Newswires: Australia’s unemployment rate falls to lowest since 1974

by | Jul 13, 2022 | Stock Market

SYDNEY — Australia’s unemployment rate fell to its lowest level since August 1974 last month, further tightening the job market and supporting expectations that the Reserve Bank of Australia will deliver a further interest-rate rise of at least 50 basis points in August. The unemployment rate dropped to 3.5% in June, the Australian Bureau of Statistics said Thursday. That compared with an expected rate of 3.8%. Employment…

Article Attribution | Read More at Article Source

Share This