Australia's unemployment rate hits 4.3%, highest since 2021, amid global uncertainty and US tariffs.

Australia's unemployment rate climbed to 4.3% in June, the highest in nearly four years, as global uncertainties and US tariffs impacted hiring. Despite a record 14.6 million employed, full-time jobs decreased by 38,000 while part-time roles increased by 40,000. The participation rate rose to 67.1%. Economists suggest the Reserve Bank may consider lowering interest rates at its August meeting.