Australia jobless rate hits near 5-year high of 4.5% in July

By —

Australia's unemployment rate rose to 4.5% in July, hitting a near five-year high. This follows solid employment growth in June.

Data details

The jobless rate reached 4.5% in July, the highest level in almost five years. The reading points to cooling in the Australian labour market.

Context

The latest figure comes after the Australian economy recorded solid employment growth in June. That earlier strength did not carry into July.

Forex News

FG announces October 2026 launch of new digital postcode system
ABOKI FOREX
Naira appreciates to N1,347.63 at official market as reserves hit $52.66bn
ABOKI FOREX
Australia jobless rate hits near 5-year high of 4.5% in July
ABOKI FOREX
Ghana cedi under pressure, Uganda shilling on front foot, naira stable: traders
ABOKI FOREX
Australian jobs shed 15,800 in July, unemployment rises to 4.5%
ABOKI FOREX
Japan's trade deficit stretches to third month as July imports and exports hit record highs
ABOKI FOREX
Tinubu reforms helped avert economic collapse, says finance minister
ABOKI FOREX
Elumelu's Seplat stake doubles to $1bn as NGX extends losing streak
ABOKI FOREX
Petrol depot prices rise as Dangote Refinery, others adjust rates
ABOKI FOREX
Dangote Refinery hikes petrol price to ₦1,185 per litre, still under Lagos depot rates
ABOKI FOREX