Rising unemployment shows why interest rate hikes should be paused
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7c64865f-daaa-49ee-8e72-a446de2206dc_6000x4000.jpeg)
During the month of January, the national unemployment rate increased from 3.5 percent to 3.7 percent, and the economy shed 11,500 jobs.
Jobs data from the Australian Bureau of Statistics for the month of January show that the…
Keep reading with a 7-day free trial
Subscribe to MENCARI - Delivered fearless reporting to you to keep reading this post and get 7 days of free access to the full post archives.