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| Name | Unemployment hits two-year high, as interest rate hikes bite | The Business | ABC News |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 15-02-2024 08:00:25 |
| Video Discription | Unemployment has risen to the highest level since 2022. At 4.1 per cent, the increase was more than what most economists were expecting. Treasurer Jim Chalmers said the rise in the jobless rate was an "inevitable consequence" of the RBA's interest rate hikes, higher inflation, and economic uncertainty. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-02-15/unemployment-abs-labour-force-data-january-2024/103470154 ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news | jobs | work | working | labour | inflation | rates | interest rates | seek | employment | unemployment | centrelink | welfare | services australia | EPM | australia news | Michele Bullock | RBA | reserve bank | unemployment rate | jobless rate | Jim Chalmers | economic news | economy | business | business news | finance | finance news | cost of living | david chau |
