Australia’s unemployment rate jumps to 4.5% with markets slashing chance of more interest rate hikes

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• The GuardianLean L·1h ago

  Australia’s unemployment rate jumps to 4.5% with markets slashing chance of more interest rate hikes

  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 . The surprise rise in unemployment will provide the Reserve Bank with …

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