You are here

Australia's January jobless rate jumps to 12-year high of 6.4%

Analysts say that the worse-than-expected unemployment numbers will give the Reserve Bank of Australia further ammunition to cut interest rates next month


AUSTRALIA'S unemployment rate jumped to a more than 12-year high of 6.4 per cent in January, official data showed on Thursday, providing further ammunition for the central bank to cut interest rates.

Economists had been expecting a rise to 6.2 per cent from December's 6.1