Australia's Central Bank Forecasts Rising Unemployment Rates

The Reserve Bank of Australia (RBA) has projected an increase in unemployment rates over the next few years. According to Jin10, the RBA expects the unemployment rate to reach 4.2% in the second quarter of 2026. This upward trend is anticipated to continue, with the rate forecasted to rise to 4.4% in the second quarter of 2027 and further to 4.7% by the second quarter of 2028. These projections reflect the central bank's outlook on the labor market conditions in the coming years.