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Fundamental Analysis Posted 1 hour ago

Australia Unemployment Rises to Post-Pandemic High; RBA Rate Hikes Likely to Continue

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Australia's jobless rate climbed to its highest level since the pandemic, yet economists expect the Reserve Bank to persist with interest-rate increases despite weakening employment. Rising mortgage costs and living expenses are forcing workers into second jobs. AUD/USD may face downward pressure as deteriorating labour conditions conflict with hawkish RBA expectations.
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50 minutes ago

Full-time employment falls 6,300 in August

Australia shed 6,300 full-time jobs in August (seasonally adjusted), loosening labour-market tightness. Softer employment reduces wage-pressure signals traders monitor for RBA policy direction. Focus shifts to September earnings data and whether wage growth moderates alongside labour softness.

https://x.com/financialjuice/status/2102933722937057535
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