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Aussie unemployment is set to jump

Reserve Bank governor Michele Bullock recently suggested that the unemployment rate may need to rise to 5%, up from 4.6% currently, to ease inflation pressures in Australia. Bullock said that a higher unemployment rate could ease the strain on the economy’s capacity to produce goods and services, which is currently tight because of high demand The post Aussie unemployment is set to jump appeared…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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