{"id":1974308,"date":"2023-07-16T08:16:02","date_gmt":"2023-07-16T12:16:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/australia-expects-unemployment-rate-to-rise-as-global-economy-slows\/"},"modified":"2023-07-16T08:18:02","modified_gmt":"2023-07-16T12:18:02","slug":"australia-expects-unemployment-rate-to-rise-as-global-economy-slows","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/australia-expects-unemployment-rate-to-rise-as-global-economy-slows\/","title":{"rendered":"Australia anticipates higher unemployment rates due to the global economic slowdown."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Faustralia-expects-unemployment-rate-to-rise-as-global-economy-slows%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1974308&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div \ud834\udd7aclass=\"entry-content\">\n<p><h2>Sydney Expects Jobless \u2062Rate to \u2064Rise Amid Global\u200d Economic\u200b Uncertainty<\/h2>\n<\/p>\n<p>Australian Treasurer \u2062Jim\u200b Chalmers has expressed\u2063 his concerns\u2063 about \u200cthe nation&#8217;s \u2062jobless\u2063 rate, predicting \u200ba \u2062rise from its near 48-year\u200b low. \u2062He \u200cattributes this \ud834\udd7apotential increase to higher interest \u200crates \u2063and slowing\u200b global\u2063 growth.<\/p>\n<p> \u2064<\/p>\n<blockquote>\n<p>\u201cAs the Reserve \u200cBank\u200b forecasts\u2062 and\u2062 the Treasury\u2063 forecasts \u2063have inflation\ud834\udd7a moderating over the \u200ccoming\u2064 months,\u2064 they do have\u200c a\ud834\udd7a tick\ud834\udd7a up in unemployment\u200d as\u2062 well,\u201d Chalmers \u200btold\u2064 the\u200c Australian\u2064 Broadcasting Corp.<\/p>\n<\/blockquote>\n<div \u2064id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: \u2064320px;\ud834\udd7a min-height: 50px; \u2062 \u2063text-align: center;\">\u200c  \t<script>\u200d  \ud834\udd7a\t\tgoogletag.cmd.push(function() {\u200c googletag.display('div-gpt-ad-1663871513696-art-1');\u200d });  \u200b\t<\/script>  <\/div>\n<p> \u2062 \ud834\udd7a<\/p>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>  \u200d <\/p>\n<p>Amid \u2062stubbornly high inflation, the \u2062unemployment \u200crate in \u200dMay \ud834\udd7aedged \u200blower\u200c to\u2063 3.6%, when analysts\u2063 had \u2062expected a steady\u200c 3.7%.<\/p>\n<p>The Reserve\u200b Bank of\u2062 Australia (RBA) has said the \ud834\udd7ajobless rate \u200cwould \u2064need to rise to about 4.5% \u2013 \u2064still \ud834\udd7awell below pre-pandemic\u200d levels \u200d\u2013 to \u200dbring the\u200c economy back into\u200d balance.<\/p>\n<p>\u200d <\/p>\n<p>Unemployment was expected\u200d to lift\u2064 \u201ca bit as \u200bthe economy slows \u2063as a\u2064 consequence of \u2064higher interest \u2063rates\u200d and\u200c global \ud834\udd7aeconomic\u200c uncertainty\u201d, Chalmers said \u2064ahead of attending a \u2062meeting\u2064 of Group of\u2064 20 \u2063(G20) finance ministers \u2062and central \u2064bankers in India\u200c with\u200b outgoing \u200bRBA \u200cGovernor\u2064 Philip Lowe. \u2062<\/p>\n<p>\u200d <\/p>\n<p>The RBA this \u200dmonth kept\u200c the \u2063cash\u2063 rate at \u200can 11-year \u200chigh of 4.10%,\u200b having \u200clifted rates \u200bby 400 \u200dbasis points since \u2062May last\ud834\udd7a year, but\u2063 warned \u2064that further \u200dtightening\u2064 might be\u2064 needed.<\/p>\n<p>The decision came \u200bafter\u200b June data from the Australian \u200dBureau of Statistics \u2064showed Australia\u2019s \u2064economy\u200c grew\u200d at the weakest pace \u2064in \ud834\udd7a1-1\/2 \u200byears\u2063 in\u2063 the last \u200dquarter, while emerging \u200bsigns\u200b pointed to further softness ahead.<\/p>\n<\/p>\n<p> (Reporting \u200cby\u2063 Sam McKeith in Sydney; \ud834\udd7aEditing\u200c by Jamie Freed)<\/p>\n<p>\u200d <\/p>\n<p><a \u2064href=\"https:\/\/www.oann.com\/uncategorized\/australia-expects-unemployment-rate\/attachment\/file-photo-a-worker-delivering-parcels-pushes-a-trolley-past\/\"><\/a><\/p>\n<p>  \t\t\t \u2063\t\t\t\t\t<\/p><\/div>\n<div \u200dclass=\"entry-content\">\n<p><h3>Other News:<\/h3>\n<\/p>\n<p>\u200b \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\"> \u200b \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Chad \u2062Prather, Baste Records\u2063 Artist, \ud834\udd7adiscusses\u200d how\u2063 the\u2064 65,000 \u2062actors represented \u200bby SAG-AFTRA have \ud834\udd7ajoined\u2063 thousands \u2062of writers \u2064to \ud834\udd7aSTRIKE!<\/p>\n<p>\ud834\udd7a \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div\ud834\udd7a class=\"entry-content\">\u200b  \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Amala Ekpunobi, \u2063PragerU Personality, discusses \u200bthe\u200d controversial \ud834\udd7amessage and\u2062 complicated financials \u2062of \u2062\u201cBlack Lives Matter.\u201d<\/p>\n<p> \u2064\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div\u2063 class=\"entry-content\"> \u200c\u200d \t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Matt \u200cCapelouto,\u2062 President \u2064of \u2062DrugInducedHomicide.org, \u200cdiscusses \u200bhow\u2062 his\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-suisse-inquiry-will-keep-files-secret-for-50-years\/\" title=\"Credit Suisse inquiry to keep files confidential for 50 years.\">personal \ud834\udd7atragedy \u200bled<\/a>\u2064 to\u2064 his \u2063quest to fight \u2062for \u2063a\u200d safer \u2064future \u2062for young \u200dAmericans.<\/p>\n<\/p><\/div>\n<div \u200dclass=\"entry-content\"> \u200d \u2064\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>Matt Capelouto, President of DrugInducedHomicide.org, discusses how his personal\u200c tragedy \u200bled\u2063 to his\u200c quest\ud834\udd7a to\u2062 fight for \u200ba \ud834\udd7asafer\u200b future for\u2063 young\u2064 Americans.<\/p>\n<p> \u200c\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\">  \u200d\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>BEIJING\u200c (Reuters) \u2013\u2064 Chinese \u200cPresident\u2062 Xi\ud834\udd7a Jinping\u200d said\u2062 China must\u200d build a \u2063\u201csolid\u201d security barrier \u200daround\u200b its \u2062internet\u2064 under \u200bthe \u2064supervision of\u2026\u2063 <\/p>\n<p> \ud834\udd7a\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\"> \u200b \u200c\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>By \u200dAnna Tong \u200c(Reuters)\u2063 -Roblox\u200d Chief Business \u200dOfficer Craig\u2063 Donato is \u2064leaving gaming \u2064and metaverse \u200bcompany \u2062Roblox,\ud834\udd7a the\u200d company \u200btold Reuters\u200c on\u2026 <\/p>\n<p> \u2062\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\"> \u2063 \u2063\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>KUALA LUMPUR (Reuters)\u2064 \u2013 \u2062Malaysian \u200dmobile\u200c operator\u200c Maxis Bhd\u200c said\u2064 it\u2063 will \u2062sign an agreement to access the country\u2019s \ud834\udd7astate-run 5G network,\u2026 <\/p>\n<p> \u2063\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div\u2063 class=\"entry-content\">\ud834\udd7a  \ud834\udd7a\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>WASHINGTON (Reuters) \ud834\udd7a\u2013 A\u200c U.S. \u200cfederal\ud834\udd7a court \u200drejected \u200bthe\u200b Federal Trade Commission\u2019s \u200brequest that \u2063it \u200border \u2064Microsoft to temporarily \u200dhold\ud834\udd7a off on\u2026 \u200d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY (Reuters) \u2013 Australian Treasurer Jim Chalmers predicts rising interest rates and global economic slowdown will cause the nation&#8217;s jobless rate to increase from its 48-year low. Both the Reserve Bank and Treasury anticipate inflation to ease in the upcoming months.<\/p>\n","protected":false},"author":66,"featured_media":1974309,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1974308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1974308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1974308"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1974308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1974309"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1974308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1974308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1974308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}