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Unemployment in Australia rises to 4.3 percent in June

Australia’s unemployment rate rises to 4.3 per cent in June amid economic uncertainties and stagnant employment growth

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Australia’s unemployment rate rises to 4.3 per cent in June amid economic uncertainties and stagnant employment growth

In Short:
– Australia’s unemployment rate rose to 4.3% in June, with youth unemployment at a high of 10.4%.
– Economists disagree on the rise’s implications, citing various factors affecting the labour market.
Australia’s national unemployment rate rose to 4.3% in June, up from 4.1% in May.

The increase follows the Reserve Bank’s unexpected decision to hold interest rates steady, which some economists view as a misstep. Despite a slight employment gain of 2,000 jobs, the number of unemployed surged by 33,600, reflecting a growing labour force of 35,600 individuals.

Economic Challenges

Youth unemployment has reached 10.4%, the highest since November 2021. Federal Treasurer Jim Chalmers stated that the unemployment rise is a result of global economic uncertainty and rising interest rates.

While the unemployment rate is historically low, the participation rate remains near record levels.

Economists express varied opinions on the significance of the unemployment rise. Paula Gadsby from EY maintained that the labour market remains healthy.

Although Callam Pickering of Indeed suggested the RBA’s decision to maintain rates was misguided, he noted that job vacancies still indicate positive conditions. Betashares chief economist David Bassanese highlighted the potential for an interest rate cut next month if inflation remains stable.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Alphabet launches $20B bond to fund AI expansion

Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.

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Alphabet’s $20B bond offering highlights investor confidence in AI growth, enabling funding without shareholder dilution.


Alphabet has launched a record $20 billion bond offering to finance its massive AI infrastructure build-out, signalling strong investor confidence in the company’s growth strategy. The oversubscribed sale shows that investors are betting on Alphabet’s AI potential and long-term returns.

By using debt instead of equity, Alphabet can raise funds without diluting shareholders. The money will support AI research, advanced computing, and other strategic projects, cementing the company’s leadership in the sector.

Brad Gastwirth from Circular Technologies explains how corporate debt is reshaping tech financing and how investors perceive AI-linked bonds. This record issuance could set a trend for other tech companies looking to fund innovation.

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AI tax tool sparks market turmoil for financial firms

Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.

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Major financial firms’ stocks fell sharply after an AI tax tool launch, raising investor fears of disruption in advisory services.

Shares of major financial services firms tumbled after the launch of a new AI-powered tax planning tool. LPL Financial dropped nearly 11%, while Charles Schwab and Raymond James Financial fell more than 9%, signalling investor concern over AI disrupting traditional advisory services.

Morgan Stanley also saw a 4% decline as fears grow that AI could replace some of the most profitable offerings of established firms. Earlier this year, the introduction of other AI models already caused turbulence in software stocks, suggesting this could be a broader trend affecting multiple sectors.

The iShares U.S. Broker-Dealers and Securities ETF was down 4% on Tuesday, reflecting the market-wide uncertainty surrounding AI adoption in finance. Investors are closely watching whether AI will complement or cannibalise the industry’s core services.

#AIImpact #WallStreet #FinancialMarkets #InvestingNews #MorganStanley #CharlesSchwab #RaymondJames #FinTech


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RBA rate shock: ASX200, Gold and Crypto market

RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.

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RBA’s interest rate shift impacts ASX200, AUD; gold/silver rebound analyzed amidst upcoming economic data and crypto market navigation.


The RBA’s latest interest rate decision has sent ripples through the ASX200 and AUD, leaving investors weighing what comes next. We break down how these changes could affect global equities ahead of this week’s crucial non-farm payroll and consumer price index releases.

Zoran Kresovic from Blueberry Markets shares his analysis on the rebound in gold and silver after recent market turbulence, and what factors could drive further gains or sell-offs in the commodities market.

We also dive into the current state of cryptocurrencies, exploring how investors can navigate volatility and what to watch as economic data continues to shape market sentiment.

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#RBA #ASX200 #GoldMarket #SilverRebound #CryptoUpdate #InvestingTips #MarketVolatility #EconomicOutlook


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