_australias-unemployment-rate-rose-to-4-1-in-april.jpg "Australia’s unemployment rate rose to 4.1% in April from gila rose Video Screenshot Preview")
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✓ Published: 16-May-2024
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✓ Published: 16-May-2024
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Financial markets have increased the chances of an interest rate cut later this year after a jump in the unemployment rate. The rise is being put down to high migration and more people joining the workforce to look for a job.
Financial markets have increased the chances of an interest rate cut later this year after a jump in the unemployment rate. The rise is being put down to high migration and more people joining the workforce to look for a job.
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_hotter-than-expected-prices-raise-rate-cut-doubts-as-prices-rise-over-2-in-april.webp "The Producer Price Index, which measures wholesale prices, rose 0.5% in April, more than the expected increase of 0.3%. Core PPI, which excludes volatile food and energy prices, also increased by 0.5% compared to an estimated 0.2%. On a yearly basis, wholesale inflation rose over 2% in April, the biggest gain in a year. Services prices drove much of the wholesale inflation, and portfolio management costs increased sharply. Energy prices rose led by a jump in gasoline costs, while food prices declined. Hotter-than-expected inflation raises doubts about the Fed's ability to cut rates soon to achieve its 2% target.")
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