Unemployment rate increases to 4.5% above economists' expectations | ABC NEWS

The unemployment rate increased to 4.5 per cent in July, up from 4.4 per cent in June. The number of employed people declined by 15,800, and the number of unemployed increased by 4,200. Chief economist at William Buck Besa Deda says the softening labour market are a sign the Reserve Bank's interest rate hikes are flowing through to the economy. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/business Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel