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Australia’s unemployment rate edged up from 4.0% in May to 4.1% in June, according to the Australian Bureau of Statistics , but is still lower than in many other prominent countries. The unemployment rate is 4.1% in America, 4.4% in the UK, 5.0% in China, 6.4% in Canada and also 6.4% in the Euro zone. The unemployment rate is one of the data points the Reserve Bank board is watching very closely, as it decides what to do with the cash rate. If unemployment rises, in tandem with a weakening economy, that would put downward pressure on inflation, which would strengthen the case for the Reserve Bank to reduce the cash rate. But if the labour market remains tight and wages growth (currently 4.1% per year) remains elevated, that would put upward pressure on inflation, which would make the Reserve Bank wary of cutting rates. #economy #jobs #homeloans #distinctfinancial #mortgagebroker #mortgages

The link between unemployment and interest rates 🔗🖇️ Australia’s unemployment rate edged up from 4.0% in May to 4.1% in June, according to the Australian Bureau of Statistics, but is still lower than in many other prominent countries. The unemployment rate is 4.1% in America, 4.4% in the UK, 5.0% in China, 6.4% in Canada and also 6.4% in the Euro zone. The unemployment rate is one of the data points the Reserve Bank board is watching very closely, as it decides what to do with the cash rate. If unemployment rises, in tandem with a weakening economy, that would put downward pressure on inflation, which would strengthen the case for the Reserve Bank to reduce the cash rate. But if the labour market remains tight and wages growth (currently 4.1% per year) remains elevated, that would put upward pressure on inflation, which would make the Reserve Bank wary of cutting rates. #economy #jobs #property #realestateaccountants

The link between unemployment and interest rates Australia’s unemployment rate edged up from 4.0% in May to 4.1% in June, according to the Australian Bureau of Statistics, but is still lower than in many other prominent countries. The unemployment rate is 4.1% in America, 4.4% in the UK, 5.0% in China, 6.4% in Canada and also 6.4% in the Euro zone. The unemployment rate is one of the data points the Reserve Bank board is watching very closely, as it decides what to do with the cash rate. If unemployment rises, in tandem with a weakening economy, that would put downward pressure on inflation, which would strengthen the case for the Reserve Bank to reduce the cash rate. But if the labour market remains tight and wages growth (currently 4.1% per year) remains elevated, that would put upward pressure on inflation, which would make the Reserve Bank wary of cutting rates. #economy #jobs #homeloans

The link between unemployment and interest rates Australia’s unemployment rate edged up from 4.0% in May to 4.1% in June, according to the Australian Bureau of Statistics, but is still lower than in many other prominent countries. The unemployment rate is 4.1% in America, 4.4% in the UK, 5.0% in China, 6.4% in Canada and also 6.4% in the Euro zone. The unemployment rate is one of the data points the Reserve Bank board is watching very closely, as it decides what to do with the cash rate. If unemployment rises, in tandem with a weakening economy, that would put downward pressure on inflation, which would strengthen the case for the Reserve Bank to reduce the cash rate. But if the labour market remains tight and wages growth (currently 4.1% per year) remains elevated, that would put upward pressure on inflation, which would make the Reserve Bank wary of cutting rates. #economy #jobs #homeloans

The link between unemployment and interest rates Australia’s unemployment rate edged up from 4.0% in May to 4.1% in June, according to the Australian Bureau of Statistics, but is still lower than in many other prominent countries. The unemployment rate is 4.1% in America, 4.4% in the UK, 5.0% in China, 6.4% in Canada and also 6.4% in the Euro zone. The unemployment rate is one of the data points the Reserve Bank board is watching very closely, as it decides what to do with the cash rate. If unemployment rises, in tandem with a weakening economy, that would put downward pressure on inflation, which would strengthen the case for the Reserve Bank to reduce the cash rate. But if the labour market remains tight and wages growth (currently 4.1% per year) remains elevated, that would put upward pressure on inflation, which would make the Reserve Bank wary of cutting rates. #economy #jobs #homeloans

🔍 The Link Between Unemployment and Interest Rates in Australia Australia’s unemployment rate nudged up to 4.1% in June, still lower than in many leading nations 🌍. With the US at 4.1%, the UK at 4.4%, China at 5.0%, and Canada and the Eurozone both at 6.4%, Australia remains comparatively strong 💪. The Reserve Bank of Australia is closely watching these figures as they influence decisions on the cash rate. 📊 A rise in unemployment alongside a slowing economy could ease inflation and lead to a rate cut. Conversely, a tight labour market and rising wages may prompt caution against rate reductions. #AustraliaEconomy #InterestRates #Unemployment #ReserveBank 

The link between unemployment and interest rates Australia’s unemployment rate edged up from 4.0% in May to 4.1% in June, according to the Australian Bureau of Statistics, but is still lower than in many other prominent countries. The unemployment rate is 4.1% in America, 4.4% in the UK, 5.0% in China, 6.4% in Canada and also 6.4% in the Euro zone. The unemployment rate is one of the data points the Reserve Bank board is watching very closely, as it decides what to do with the cash rate. If unemployment rises, in tandem with a weakening economy, that would put downward pressure on inflation, which would strengthen the case for the Reserve Bank to reduce the cash rate. But if the labour market remains tight and wages growth (currently 4.1% per year) remains elevated, that would put upward pressure on inflation, which would make the Reserve Bank wary of cutting rates. #economy #jobs #homeloans

The link between unemployment and interest rates Australia’s unemployment rate edged up from 4.0% in May to 4.1% in June, according to the Australian Bureau of Statistics, but is still lower than in many other prominent countries. The unemployment rate is 4.1% in America, 4.4% in the UK, 5.0% in China, 6.4% in Canada and also 6.4% in the Euro zone. The unemployment rate is one of the data points the Reserve Bank board is watching very closely, as it decides what to do with the cash rate. If unemployment rises, in tandem with a weakening economy, that would put downward pressure on inflation, which would strengthen the case for the Reserve Bank to reduce the cash rate. But if the labour market remains tight and wages growth (currently 4.1% per year) remains elevated, that would put upward pressure on inflation, which would make the Reserve Bank wary of cutting rates. #economy #jobs #homeloans

The link between unemployment and interest rates Australia’s unemployment rate edged up from 4.0% in May to 4.1% in June, according to the Australian Bureau of Statistics, but is still lower than in many other prominent countries. The unemployment rate is 4.1% in America, 4.4% in the UK, 5.0% in China, 6.4% in Canada and also 6.4% in the Euro zone. The unemployment rate is one of the data points the Reserve Bank board is watching very closely, as it decides what to do with the cash rate. If unemployment rises, in tandem with a weakening economy, that would put downward pressure on inflation, which would strengthen the case for the Reserve Bank to reduce the cash rate. But if the labour market remains tight and wages growth (currently 4.1% per year) remains elevated, that would put upward pressure on inflation, which would make the Reserve Bank wary of cutting rates. #economy #jobs #homeloans

𝗧𝗵𝗲 𝗹𝗶𝗻𝗸 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝗨𝗻𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗥𝗮𝘁𝗲𝘀 Australia’s unemployment rate edged up from 4.0% in May to 4.1% in June, according to the Australian Bureau of Statistics, but is still lower than in many other prominent countries. The unemployment rate is 4.1% in America, 4.4% in the UK, 5.0% in China, 6.4% in Canada and also 6.4% in the Euro zone. The unemployment rate is one of the data points the Reserve Bank board is watching very closely, as it decides what to do with the cash rate. If unemployment rises, in tandem with a weakening economy, that would put downward pressure on inflation, which would strengthen the case for the Reserve Bank to reduce the cash rate. But if the labour market remains tight and wages growth (currently 4.1% per year) remains elevated, that would put upward pressure on inflation, which would make the Reserve Bank wary of cutting rates. #economy #jobs #homeloans