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Australia's Unemployment Rate Rises to 4.5% in July
Australia's unemployment rate unexpectedly rose to 4.5% in July, as employment contracted. This increase has led traders to pare back their expectations for further rate hikes.
20 Aug, 01:33 — 20 Aug, 05:54
The Story
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Source Diversity
Source Diversity
Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
Far L
Left
Center1
Center (1)
bloomberg
Right1
Right (1)
seeking-alpha
Far R
Geographic diversity— 1 region4/34
US2
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ℹOnly 2 sources cover this story
Sources
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bloombergHigh5h ago
Australian Unemployment Rises, Traders Pare Rate-Hike Bets
Australia’s unemployment rate unexpectedly rose in July, supporting the Reserve Bank’s view that the labor market is likely to gradually loosen and prompting traders to pare bets on another interest-rate increase.
By Nasteho Said
Read full article →seeking-alphaMixed1h ago
Australia's unemployment rate rises to 4.5% in July as employment unexpectedly contracts
Read full article →Coverage Timeline
First report: bloomberg · 20 Aug, 01:33|Full coverage: 2 · 4h|Window: 4h
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