Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’ (opens in new tab)

Surprise rise in jobless rate will give Reserve Bank more reason to delay another interest rate hike at June meetingGet our , or Australia’s unemployment rate has jumped to 4.5% in April to reach the highest in about four-and-half-years, amid fears rising interest rates and the global oil crisis will smash economic growth.The number of employed people unexpectedly fell by 18,600 in the month – the first decline this year – dragging the jobless rate up from 4.3%, according to the Australian Bu...