Updated

Rate rise chances grow as employment jumps

Michael ReadEconomics correspondent

Updated Jul 18, 2024 – 4.27pm, first published at 12.12pm

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Investors have bumped up their bets on an August interest rate rise after the jobs market recorded another month of strong employment gains in June.

About 50,200 people found work last month, the Australian Bureau of Statistics (ABS) said on Thursday.

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