Australia Unemployment Rate Update

Australia's unemployment rate rose to 4.5% in April as employment fell by 18.6k, reinforcing expectations that the RBA will pause rate hikes in June.

Key Takeaways

• 1.The Australian unemployment rate rose to 4.5% in April 2026, exceeding market expectations.
• 2.Employment fell by 18.6k in April, driven by losses in both full-time and part-time roles.
• 3.The soft labor data supports expectations for an RBA pause at the June meeting and suggests the 4.35% cash rate may be the peak.

Table of Contents

• Australian Economic Update
• Author
• Contact
• Australia's unemployment rate rises to 4.5%
• Important Notice

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