Australia Unemployment Rises, Boosting Chances of a Rate Cut
Australia Reserve Bank chief Philip Lowe resisted pressure for an interest rate cut, citing the persistent strength of employment. (Photographer: Brendon Thorne/Bloomberg)

Australia Unemployment Rises, Boosting Chances of a Rate Cut

(Bloomberg) -- Australian unemployment unexpectedly climbed as more people sought work, underscoring extensive slack in the labor market and boosting the chances of an interest-rate cut.
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.