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2026-09-21 13:06:11
[Moody's Analytics: Australia's Unemployment Rate May Rise to 4.6% in August, Labor Market Weakening] (1) Moody's Analytics said in a report that Australia's unemployment rate may rise slightly to 4.6% in August from 4.5% in July. (2) The report said that economic activity is softening, partly due to the dampening of demand caused by successive interest rate hikes. (3) Job vacancies are leading to more intense competition, and the number of new job advertisements is declining, all signs that the labor market is weakening. (4) The relevant unemployment data is scheduled to be released on Thursday.
