September 24, 2026 — 3:54pm

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The unemployment rate has climbed to its highest mark in nearly five years, but lingering inflationary pressures mean weaker labour market conditions are unlikely to stop the Reserve Bank lifting interest rates next week.

Unemployment hit 4.6 per cent in August, the worst result since November 2021, when the economy was recovering from the economic disruptions caused by COVID pandemic lockdowns.

In an unusual twist, nearly 40,000 jobs were added in the month, but an increase in the number of people looking for…

Read the full article at SMH.COM.AU