Category: TwoAndAHalfYear
-
Australia’s Jobless Rate Rose to a Two-And-A-Half-Year High, but Other Components Showed Underlying Strength
•
Investor EmpiresAustralian Bureau of Statistics data showed that Australia’s seasonally adjusted unemployment rate rose from 4.1% to 4.2% in July. This is the highest level since February 2022! However, the components of the report actually point to a stronger labor market during the month: 58.2K net jobs added (vs. 20.2K expected)…