Australian unemployment spikes higher to 3.7%
Economists say the data means the RBA is unlikely to hike interest rates in September.
The Australian unemployment rate has been steady over the past year.
A higher than expected jump in Australia’s unemployment rate in July will be a significant factor at the next meeting of the Reserve Bank of Australia as the central bank considers its next move on interest rates.
The Australian economy shed 14,600 jobs in July as the unemployment rate ticked
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