The unemployment rate has jumped to a 3½-year high of 4.3 per cent, confirming the jobs market is cooling and paving the way for the Reserve Bank of Australia to cut interest rates next month.
The jobless rate in June rose from 4.1 per cent in May, the Australian Bureau of Statistics reported on Thursday.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
