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๐—๐—ผ๐—ฏ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ง๐—ถ๐—ด๐—ต๐˜๐—ฒ๐—ป๐˜€ ๐—˜๐˜ƒ๐—ฒ๐—ป ๐—™๐˜‚๐—ฟ๐˜๐—ต๐—ฒ๐—ฟ

In a surprise result, the unemployment rate has declined, falling from 3.7% in April to 3.6% in May, according to new data from the Australian Bureau of Statistics.
With the Reserve Bank of Australia (RBA) pushing up interest rates to slow the economy and reduce inflation, the RBA had forecast that unemployment would soon be in the 4s. But, for now at least, itโ€™s heading in the opposite direction.
Three states and territories have unemployment rates below the national average โ€“ the ACT (2.9%), New South Wales (3.1%) and the Northern Territory (3.3%).
For the rest of the country, unemployment is 3.6% in Western Australia, 3.7% in Victoria, 3.9% in Queensland and South Australia, and 4.0% in Tasmania.
In historical terms, the unemployment rate is very low right now.

Subiaco finance brokers are here to help

Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

The team at Sonam Capital are here to empower you through financial knowledge.
Weโ€™ll take the time to get to know you and your unique situation and speak in a
language you can understand, with strategies you can implement for the best possible outcomes.

Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.

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