An Unbelievable Reaction To The Latest Unemployment Data!

A quick look at the latest social media posts, and media would give you the impression that unemployment in Australia just went through the roof, and so rates cuts from the RBA are off the table. A rise in the unemployment rate to its equal-highest level in almost five years last month suggests the economy is softening at a faster clip than economists expected. But folks this is simply not the case. First, yes sure the headline unemployment rate in Australia rose unexpectedly to 4.5 per cent in July as reported by the ABS, the equal-highest level since November 2021 – […]